Updated Dec 4, 2024
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
About this deal
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.
On the Map
$1,109,750
$420/SF
MultiFamily
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Players
Queens MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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