SOLDOther
JRC Management Acquires Rental Building In Astoria For $12.5M
25-40 30th Rd, Queens, NY 11102, USA
Building Size
311,350 SF
Asset Type
Other
Closing
Feb 26, 2018
About this deal
AI
A rental building located at 25-40 30th Road in Astoria, New York has been sold for $12,500,000. The property spans across 31,135 square feet and is priced at $401 per square foot. The building comprises of 41 units, with an average price per unit of $304,000.
Summary of transaction details
- Property Type: Rental Building
- Transaction Amount: $12,500,000
- Square Footage: 31,135
- Price Per Square Foot: $401
- Number of Units: 41
- Price Per Unit: $304,000
The seller of the property was Michael and Anna Georgis, while the buyer was JRC Management.
Players
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93