Anthony Murino Acquires Development Site In Rockaway Beach For $1.05M
SOLD
$1,050,000
New York
See Similar DealsDevelopment Site10,000 SF
Sold 08/29/2018
SOLD
Anthony Murino Acquires Development Site In Rockaway Beach For $1.05M
163 Beach 96th St, Far Rockaway, NY 11693, USA
See Similar DealsDevelopment Site10,000 SF
Sold 08/29/2018
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$105
Total Square Footage:10,000 SF
Transaction Type:Sale
A development site located at 163 Beach 96th Street in Rockaway Beach, Queens, New York, was recently sold in a closed transaction. The property was listed with an asking price of $1,000,000 and was eventually sold for $1,050,000. The site has a buildable square footage (BSF) of 10,000, with a price per buildable square footage (PBSF) of $105.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,050,000
- Address: 163 Beach 96th Street
- Market: Rockaway Beach / Queens
- City: New York
In this deal, the seller, Steven Danza, sold the property to the buyer, Anthony Murino. The transaction was facilitated by Louis Cotrone from B6 Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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