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30-14 Crescent St, Astoria,...

Astoria Crescent Owner LLC Acquires SFR In Astoria For $10.8M
SOLDSingle Family Residence

Astoria Crescent Owner LLC Acquires SFR In Astoria For $10.8M

30-14 Crescent St, Astoria, NY, USA

$10,800,000

$219/SF

Building Size

49,128 SF

Asset Type

Single Family Residence

Closing

Jan 13, 2021

AI

The property located at 30-14 Crescent St. in Astoria, New York has been sold. This single-family residential property is zoned as R6A and has a lot size of 97.58 ft x 182.81 ft. The transaction took place on January 14, 2021. The buyer, Astoria Crescent Owner LLC, represented by Emanuel Westfried, purchased the property from Astoria’s Church of the Redeemer for a total price of $10,800,000. The building on the property has a total area of 49,128 square feet, resulting in a price per square foot of $219.

Summary of transaction details

  • Property Type: Single-Family Residential (SFR)
  • Transaction Amount: $10,800,000
  • Address: 30-14 Crescent St., Astoria
  • Market: Astoria
  • Zoning: R6A
  • Buyer: Astoria Crescent Owner LLC - Emanuel Westfried
  • Seller: Astoria’s Church of the Redeemer
  • BSF: 49,128 square feet
  • PPBSF: $219
  • Lot Size: 97.58 ft x 182.81 ft

This transaction showcases the involvement of Astoria Crescent Owner LLC, represented by Emanuel Westfried, as the buyer. Additionally, the seller, Astoria’s Church of the Redeemer, played a significant role in the deal. The purchase price of $10,800,000 reflects the value of the property, which spans an area of 49,128 square feet. The buyer and seller successfully executed this transaction in the market of Astoria, New York.

Players

New York Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.47%

Cash-on-Cash

-0.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93