Updated Sep 28, 2026
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
$950,000
$306/SF
MultiFamily
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Players
Maspeth 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
16.70%
Cash-on-Cash
-4.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93