Dan Chen Acquires Multifamily Property At 73-56 53rd Avenue In Maspeth For $1.58M
SOLD
$1,580,000
New York
See Similar DealsMultiFamily494 SF
Sold 01/28/2025
SOLD
Dan Chen Acquires Multifamily Property At 73-56 53rd Avenue In Maspeth For $1.58M
73 56 53rd Avenue
See Similar DealsMultiFamily494 SF
Sold 01/28/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$3,198
Total Square Footage:494 SF
Transaction Type:Sale
The property is a MultiFamily asset located at 73-56 53rd Avenue in the Maspeth market. The sale price for the transaction was $1,580,000, with a total square footage of 494 and a price per square foot of $3,198.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,580,000
- Address: 73-56 53rd Avenue
- Market: Maspeth
- Square Footage: 494
- Price per Square Foot: $3,198
- Buyer: Dan Chen
- Seller: Jason Wang
- Broker: Vasilakis Pyrpos - Astoria Realty
This transaction involved Dan Chen as the buyer and Jason Wang as the seller. The deal was represented by broker Vasilakis Pyrpos from Astoria Realty, reflecting the collaboration between the parties in the sale process.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$84,266.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,613.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,490.01
Annual Debt Service$89,880.07
Is there something missing? Send suggestions