facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

56-57 61st Street

Updated Sep 28, 2026

Uriel Dostov Of Argentum NYC Acquires Multifamily Property At 56-57 61st Street For $950,000
SOLDMultiFamily

Uriel Dostov Of Argentum NYC Acquires Multifamily Property At 56-57 61st Street For $950,000

56-57 61st Street

$950,000

$306/SF

Building Size

3,100 SF

Asset Type

MultiFamily

Closing

Sep 18, 2026

About this deal

AI

56-57 61st Street is a four-family multifamily property located in Maspeth, Queens. The sale price for this asset was $950,000, and it comprises a total of 3,100 square feet, resulting in a price per square foot of $306 and a price per unit of $237,500.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $950,000
  • Units: 4
  • Square Footage: 3,100
  • Price per Unit: $237,500
  • Price per Square Foot: $306
  • Buyer: Uriel Dostov - Argentum NYC
  • Acquisitions Representative: Morris J Hanan - Argentum NYC

Uriel Dostov represented Argentum NYC in the acquisition of the property, while Morris J Hanan, the head of Argentum's acquisitions team, was responsible for sourcing the deal. Argentum NYC is actively pursuing residential and development opportunities throughout New York City, encouraging outreach from owners, brokers, and attorneys.

On the Map

Open live map

$950,000

$306/SF

MultiFamily

View full map

Players

Morris J Hanan

Argentum NYC

Broker

$2.5M

vol

2 deals

Broker

Uriel Dostov

Argentum NYC

Buyer

$8M

vol

6 deals

Buyer
Bilt advertisement

Maspeth MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $306 per square foot on a published $950K for 3,100 square feet (2026).

Visit Uriel Dostov to view all their deals.

Browse Maspeth multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

16.70%

Cash-on-Cash

-4.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets