Arturo Torres Purchases Multifamily Asset From Christiane Richard In Astoria For $2.15M
32 53 35th Street
$2,150,000
$746/SF
Building Size
2,880 SF
Asset Type
MultiFamily
Closing
Aug 13, 2025
AI
The property asset involved in the transaction is a multifamily building located at 32-53 35th Street in Astoria. The sale was executed for a total price of $2,150,000, comprising three units with a total square footage of 2,880. This results in a price per unit of $716,666 and a price per square foot of $746.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,150,000
- Units: 3
- Square Footage: 2,880
- Price per Unit: $716,666
- Price per Square Foot: $746
- Buyer: Arturo Torres
- Seller: Christiane Richard
- Brokers: Nicholas Halvatzis & Orly Sroka - Amorelli Realty
The transaction involved key individuals including buyer Arturo Torres and seller Christiane Richard, with representation from brokers Nicholas Halvatzis and Orly Sroka from Amorelli Realty, facilitating this real estate 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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93