facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

100-14 40th Road

David Eshaghoff Buys Multifamily Property In Corona Queens For $1.11M
SOLDMultiFamily

David Eshaghoff Buys Multifamily Property In Corona Queens For $1.11M

100-14 40th Road

$1,109,750

$420/SF

Building Size

2,640 SF

Asset Type

MultiFamily

Closing

May 17, 2024

AI

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.

Players

Jacob Harooni

SP Capital Group

Broker

$52.1M

vol

10 deals

Broker

Corona MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.29%

Cash-on-Cash

-4.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93