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35 16 Astoria Boulevard South

Ben Wong Acquires 15-Unit Multifamily At 35-16 Astoria Boulevard South For $6.1M
SOLDMultiFamily

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

Joe Brikman

Brooklyn Blocks Real Estate

Broker

$22.5M

vol

7 deals

Broker
Hirshmark Capital
Hirshmark CapitalSeller

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