SB Development Sells Condo In Long Island City For $2.1M
41-05 29th St Queens, NY 11101, USA
$2,100,000
$1,735/SF
Building Size
1,210 SF
Asset Type
Condo
Closing
Sep 11, 2023
AI
A condo located at 41-05 29th Street in Long Island City has been sold for $2,100,000. The property spans over 1,210 square feet and was sold at a price per square foot of $1,736.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,100,000
- Address: 41-05 29th Street
- Market: Long Island City
- Seller: SB Development
- Brokers: Sophia Park & Kenneth Lee - Modern Spaces
- Square Footage: 1,210
- Price per Square Foot: $1,736
Sophia Park and Kenneth Lee, representing Modern Spaces, facilitated the sale of this condo. The transaction marks a successful deal for both the seller, SB Development, and the buyers.
Players
Market Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93