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Maddalena Fasano & Jaswinder Ghotra Purchase Multifamily Asset From Seeraj Latchman & Saira Latchman For $2.525M

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SOLD
$2,525,000

New York

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MultiFamily11,500 SF
Sold 10/29/2025
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SOLD

Maddalena Fasano & Jaswinder Ghotra Purchase Multifamily Asset From Seeraj Latchman & Saira Latchman For $2.525M

101 66 125th Street

See Similar Deals
MultiFamily11,500 SF
Sold 10/29/2025
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$219
Total Square Footage:11,500 SF
Transaction Type:Sale

The property asset involved in this transaction is a multifamily building located at 101-66 125th Street in the South Richmond Hill market. The transaction was executed for a sale price of $2,525,000, encompassing a total of 16 units. The total square footage of the property is 11,500, resulting in a price per unit of $157,812 and a price per square foot of $219.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,525,000
  • Units: 16
  • Square Footage: 11,500
  • Price Per Unit: $157,812
  • Price Per Square Foot: $219
  • Buyer: Maddalena Fasano & Jaswinder Ghotra
  • Seller: Seeraj Latchman & Saira Latchman
  • Broker: Matthew Barbaccia - Brix Real Estate Advisors

This transaction involved buyers Maddalena Fasano and Jaswinder Ghotra purchasing the property from sellers Seeraj Latchman and Saira Latchman. The brokerage firm Brix Real Estate Advisors was represented by Matthew Barbaccia in facilitating this deal.

Players

Matthew Barbaccia
30 deals$71.1M volume(914) 980-7828
BROKER

Brix Real Estate Advisors
BROKERAGE

Details

SOLD
IMAGE: Matthew Barbaccia DATE: 10/29/2025 ADDRESS: 101-66 125th Street MARKET: South Richmond Hill ASSET TYPE: Multifamily BUYER: Maddalena Fasano & Jaswinder Ghotra SELLER: Seeraj Latchman & Saira Latchman BROKER: Matthew Barbaccia (@MatthewBarbaccia) - Brix Real Estate Advisors (@BrixAdvisors) SALE PRICE: $2,525,000 UNITS: 16 ~ PPU: $157,812 SF: 11,500 ~ PPSF: $219

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$134,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,970.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,969.79
Annual Debt Service$143,637.46