Alpha Realty Facilitates $13.75M Multifamily Sale In Queens, Jamaica
SOLD
$13,750,000
New York
See Similar DealsMultiFamily60,184 SF
Sold 05/30/2019
SOLD
Alpha Realty Facilitates $13.75M Multifamily Sale In Queens, Jamaica
102-04 Front Street, Hempstead, NY, USA
See Similar DealsMultiFamily60,184 SF
Sold 05/30/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$228
Total Square Footage:60,184 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$733,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$48,850.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$65,182.01
Annual Debt Service$782,184.18
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