$6.1M Multifamily Sale In Ozone Park, Queens: Edebali Family Sells 26,028 SF Property
104-35 102nd Avenue, Ozone Park, Queens County, NY, USA
$6,100,000
$234/SF
Building Size
26,028 SF
Asset Type
MultiFamily
Closing
May 4, 2021
AI
A multifamily property located at 104-35 102nd Street in Ozone Park, Queens has been sold. The property spans 26,028 square feet and was sold for a price of $6,100,000. The sale took place on May 5, 2021. The asset was initially listed with an asking price of $6,700,000, resulting in a price per square foot of $234.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,100,000
- Address: 104-35 102nd Street, Ozone Park, Queens
- Market: Ozone Park, Queens
The seller of the property was The Edebali Family. The buyers and their representatives, Kevin Darouvar, Uriel Setareh, and Sina Sahi from VCPRE, facilitated the transaction. The buyers also had legal counsel provided by Sharon Yehoshua Darouvar.
For more information or to explore other off-market opportunities in Manhattan, Brooklyn, Bronx, and Queens, please contact Kevin Darouvar at [email protected] or [email protected].
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
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93