Updated Jul 8, 2026
SOLDMultiFamily
Karina Elnatanova & Irina Elnatanova Acquire Multifamily Building In Forest Hills, Queens For $8M
105-31 65th Road Queens, New York 11375, USA
$8,000,000
$1,153/SF
Building Size
6,937 SF
Asset Type
MultiFamily
Closing
Jun 5, 2023
About this deal
AI
Karina Elnatanova and Irina Elnatanova have acquired a seven-unit residential walkup building located at 105-31 65th Road in Forest Hills, Queens. The property is a multifamily asset with a total square footage of 6,937. The sale price for the transaction was $8 million, resulting in a price per square foot of $1,153. The buyer purchased the property from Esfera Malakova's Herkimer Ventures, LLC.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,000,000
- Address: 105-31 65th Road, Forest Hills, Queens
- Market: Forest Hills, Queens
- Buyer: Karina Elnatanova & Irina Elnatanova
- Seller: Esfera Malakova
- BSF: 26,144
- PPBSF: $306
- SF: 6,937
- PPSF: $1,153
The buyers, Karina Elnatanova and Irina Elnatanova, successfully completed the acquisition of the property. They were represented by Esfera Malakova's Herkimer Ventures, LLC. The transaction marks a significant investment in the Forest Hills, Queens market, providing the buyers with a valuable multifamily asset for their portfolio.
On the Map
$8,000,000
$1,153/SF
MultiFamily
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Queens 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93