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105-31 65th Road Queens, Ne...

Karina Elnatanova & Irina Elnatanova Acquire Multifamily Building In Forest Hills, Queens For $8M
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

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.

Players

Karina Elnatanova

Buyer

$30.4M

vol

2 deals

Buyer

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

1.98%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93