Updated Dec 22, 2023
Tom Sideris Acquires Apartment In Richmond Hill, Queens For $4.3M
103-25 121st Street, Queens, New York 11419, United States
$4,305,000
$160/SF
Building Size
26,900 SF
Asset Type
MultiFamily
Closing
Aug 9, 2022
About this deal
AI
The property at 103-25 121st Street in Richmond Hill, Queens, was recently sold in a closed transaction. The apartment building is zoned as R4-1 and sits on a lot size of 11,350 square feet.
Summary of transation details
- Property Type: Apartment
- Transaction Amount: $4,305,000
- Market: Richmond Hill, Queens
- Buyer: Tom Sideris
- Seller: Anastasia Papafloratos
The sale of this property was finalized on 08/10/2022. The building has a total gross square footage of 8,512 square feet, resulting in a price per square foot of $505. The entire lot spans an area of 26,900 square feet, with a price per square foot of $160.
The property has a floor area ratio (FAR) of 2.37 and falls under tax class 2. Additionally, it has permits for alteration dating back to 01/22/2015. The lot dimension is 100 feet by 113.5 feet.
Players
New York 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
3.68%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93