Benaim X Partners Sells Astoria Multifamily For $2.7M With Modern Spaces As The Broker
9-03 35th Avenue
$2,700,000
$167/SF
Building Size
16,157 SF
Asset Type
MultiFamily
Closing
Dec 16, 2023
AI
The recently closed property transaction in Astoria, Queens involved a multifamily asset located at 9-03 35th Avenue. This property spans 16,157 square feet and was sold for $2,700,000, resulting in a price per square foot of $167. The asset consists of 15 units, with each unit valuing at approximately $180,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Square Footage: 16,157
- Price Per Square Foot: $167
- Address: 9-03 35th Avenue
- Market: Astoria, Queens
The seller in this transaction was Eric Benaim from Benaim x Partners. Evan Daniel, representing Modern Spaces, acted as the broker in the deal.
Players
Astoria MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93