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104-35 102nd Avenue, Ozone ...

$6.1M Multifamily Sale In Ozone Park, Queens: Edebali Family Sells 26,028 SF Property
SOLDMultiFamily

$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

Kevin Darouvar

Dusk Group

Broker

$31.7M

vol

12 deals

Broker

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