Ben Wong Acquires 15-Unit Multifamily At 35-16 Astoria Boulevard South For $6.1M
35 16 Astoria Boulevard South
$6,100,000
$406/SF
Building Size
15,000 SF
Asset Type
MultiFamily
Closing
Jul 24, 2025
AI
The property asset involved in this transaction is a multifamily building located at 35-16 Astoria Boulevard South in Astoria. The sale price for this asset was $6,100,000, comprising 15 units and totaling 15,000 square feet. The price per unit stands at $406,666, while the price per square foot is $406.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,100,000
- Units: 15
- Price per Unit: $406,666
- Square Footage: 15,000
- Price per Square Foot: $406
- Buyer: Ben Wong
- Seller: Igor Vaysberg & Jake Soodek - Hirshmark Capital
- Buyer's Representative: Gold Capital Group
- Seller's Representative: Joe Brikman - Brooklyn Blocks Real Estate
The deal involves key individuals such as the buyer, Ben Wong, and the seller representatives, Igor Vaysberg and Jake Soodek from Hirshmark Capital. Joe Brikman from Brooklyn Blocks Real Estate acted as the seller's representative while Gold Capital Group represented the buyer in this transaction.
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
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93