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
Corona 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
11.13%
Cash-on-Cash
-3.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93