facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

104-50 48th Avenue

Cesar Taveras Acquires Multifamily Property In Corona, Queens For $1.425M
SOLDMultiFamily

Cesar Taveras Acquires Multifamily Property In Corona, Queens For $1.425M

104-50 48th Avenue

$1,425,000

$341/SF

Building Size

4,170 SF

Asset Type

MultiFamily

Closing

Mar 8, 2024

AI

The multifamily property located at 104-50 48th Avenue in Corona, Queens was sold for $1,425,000. This property comprises 5 units with a total square footage of 4,170. The price per unit was $285,000, and the price per square foot was $342.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,425,000
  • Units: 5
  • Price per Unit: $285,000
  • Square Footage: 4,170
  • Price per Square Foot: $342
  • Address: 104-50 48th Avenue
  • Market: Corona, Queens

Cesar Taveras acquired the property from Konnie Rutman. The deal was facilitated by Nick Kolbus and Michael Kolbus from Cushman & Wakefield, representing the buyer and seller in the transaction.

Players

Michael Kolbus

RE/MAX Commercial

Broker

$30.1M

vol

11 deals

Broker

Corona MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.13%

Cash-on-Cash

-3.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93