Alpha Realty Facilitates $13.75M Multifamily Sale In Queens, Jamaica
102-04 Front Street, Hempstead, NY, USA
$13,750,000
$228/SF
Building Size
60,184 SF
Asset Type
MultiFamily
Closing
May 29, 2019
AI
A multifamily property located in Queens, Jamaica has been sold for a total price of $13,750,000. The property, consisting of three separate buildings at 102-04, 102-31, and 102-34 184th Street, offers a total square footage of 60,184. The price per square foot for this transaction is $228.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $13,750,000
- Address: 102-04, 102-31, and 102-34 184th Street
- Market: Queens, Jamaica
- Square Footage: 60,184
In this deal, the seller, Gershon Eichorn, sold the property to the buyer, Hyman Schattner. Facilitating the transaction was broker Lev Mavashev from Alpha Realty.
Players
Uniondale 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
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93