Cathy Peterson Purchases Multifamily Asset From Luigi Farina For $2.15M In Astoria
31 45 37th Street
$2,150,000
$767/SF
Building Size
2,800 SF
Asset Type
MultiFamily
Closing
Jan 14, 2026
AI
The property involved in this transaction is a multifamily asset located at 31-45 37th Street in Astoria. The sale price was set at $2,150,000, with a total area of 2,800 square feet, resulting in a price per square foot of $767.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,150,000
- Address: 31-45 37th Street
- Market: Astoria
- Square Footage: 2,800
- Price per Square Foot: $767
- Buyer: Cathy Peterson
- Seller: Luigi Farina
- Brokers: Nicholas Halvatzis & Paul Halvatzis - Amorelli Realty
This transaction involved key individuals such as buyer Cathy Peterson and seller Luigi Farina. The brokerage representation was handled by Nicholas Halvatzis and Paul Halvatzis from Amorelli Realty, who facilitated the deal for the involved parties.
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