Amarbin Ahmed Acquires 24-unit Condo In Jamaica, Queens For $9.5M
91-14 175th Street, Queens, New York 11432, United States
$9,500,000
$263/SF
Building Size
36,105 SF
Asset Type
—
Closing
Jul 26, 2022
About this deal
AI
A closed property transaction took place in Jamaica, Queens on July 27, 2022. The property involved in this transaction is a condo located at 91-14 175th Street. The condo consists of 24 units, with each unit priced at $395,833. The total square footage of the property is 36,105, resulting in a price per square foot of $263. The sale price for this condo was $9,500,000.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $9,500,000
- Units: 24
- Price Per Unit: $395,833
- Square Footage: 36,105
- Price Per Square Foot: $263
- Address: 91-14 175th Street, Jamaica, Queens
The buyer of this condo is Amarbin Ahmed, while the seller is Dilruba Hussain. They were both represented by their respective brokers throughout the transaction.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
About $263 per square foot on a published $9.5M for 36,105 square feet (2022).
Browse New York sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93