Updated Dec 19, 2023
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
About this deal
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.
On the Map
$13,750,000
$228/SF
MultiFamily
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Players
Uniondale 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
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93