Cesar Taveras Acquires Multifamily Property In Corona, Queens For $1.425M
SOLD
$1,425,000
New York
See Similar DealsMultiFamily4,170 SF
Sold 03/08/2024
SOLD
Cesar Taveras Acquires Multifamily Property In Corona, Queens For $1.425M
104-50 48th Avenue
See Similar DealsMultiFamily4,170 SF
Sold 03/08/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$341
Total Square Footage:4,170 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$76,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,062.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,755.23
Annual Debt Service$81,062.72
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