SB Development Sells Condo In Long Island City For $2.1M
SOLD
$2,100,000
New York
See Similar DealsCondo1,210 SF
Sold 09/11/2023
SOLD
SB Development Sells Condo In Long Island City For $2.1M
41-05 29th St Queens, NY 11101, USA
See Similar DealsCondo1,210 SF
Sold 09/11/2023
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$1,735
Total Square Footage:1,210 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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