David Eshaghoff Buys Multifamily Property In Corona Queens For $1.11M
SOLD
$1,109,750
New York
See Similar DealsMultiFamily2,640 SF
Sold 05/17/2024
SOLD
David Eshaghoff Buys Multifamily Property In Corona Queens For $1.11M
100-14 40th Road
See Similar DealsMultiFamily2,640 SF
Sold 05/17/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$420
Total Square Footage:2,640 SF
Transaction Type:Sale
A multifamily property located at 100-14 40th Road in Corona, Queens, was recently sold for a total price of $1,109,750. The property consists of 5 units with a price per unit of $221,950. Spanning 2,640 square feet, the sale equated to a price per square foot of $420.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,109,750
- Units: 5
- Price Per Unit: $221,950
- Square Footage: 2,640
- Price Per Square Foot: $420
- Address: 100-14 40th Road, Corona, Queens
- Buyer: David Eshaghoff
- Seller: Atwood Management
- Brokers: Jacob Harooni & Jonathan Hakimian - SP Capital Group
The transaction was facilitated by brokers Jacob Harooni and Jonathan Hakimian of SP Capital Group. David Eshaghoff acted as the buyer, acquiring the multifamily property from the seller, Atwood Management.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$59,186.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,942.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,260.78
Annual Debt Service$63,129.37
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