Colliers Brokerage Team Sells Multifamily Property In Rockaway Park, Queens For $3.89M
SOLD
$3,890,000
New York
See Similar DealsMultiFamily
Sold 10/06/2022
SOLD
Colliers Brokerage Team Sells Multifamily Property In Rockaway Park, Queens For $3.89M
1-92 Beach 102nd Street, Queens, New York 11694, United States
See Similar DealsMultiFamily
Sold 10/06/2022
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale
An multifamily property located at 1-92 Beach 102nd Street in Rockaway Park, Queens has been sold for a price of $3,890,000. The transaction took place on 10/06/2022. The property is situated in a desirable market in Rockaway Park.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,890,000
- Address: 1-92 Beach 102nd Street, Rockaway Park, Queens
- Market: Rockaway Park, Queens
The sale of this multifamily property was facilitated by Colliers. The brokers involved in the deal were Jacklene Chesler, Patrick Norris, and Darren Leiderman from Colliers. They represented the parties involved in the transaction.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$207,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,820.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,440.58
Annual Debt Service$221,287.02
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