Rodrigo Bonilla And Fernando Pacheco Acquire MultiFamily Asset At 106 14 96th Street For $850,000
SOLD
New York
See Similar DealsMultiFamily1,950 SF
Sold
SOLD
Rodrigo Bonilla And Fernando Pacheco Acquire MultiFamily Asset At 106 14 96th Street For $850,000
106 14 96th Street
See Similar DealsMultiFamily1,950 SF
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$435
Total Square Footage:1950 SF
Transaction Type:Sale
This multifamily property located at 106-14 96th Street in the Ozone Park market has been sold for $850,000. The property encompasses 1,950 square feet and consists of 1 unit, translating to a price per unit of $850,000 and a price per square foot of $435.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $850,000
- Address: 106-14 96th Street
- Market: Ozone Park
- Units: 1
- Square Footage: 1,950
- Price per Unit: $850,000
- Price per Square Foot: $435
- Buyer: Rodrigo Bonilla & Fernando Pacheco
- Seller: RMS Group
- Seller's Representative: Madan P. Surujpaul & Sachin Surujpaul - Sur Group
The transaction featured buyers Rodrigo Bonilla and Fernando Pacheco acquiring the property from the seller RMS Group. The deal was facilitated by the seller's representatives, Madan P. Surujpaul and Sachin Surujpaul from Sur Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$45,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,019.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,029.43
Annual Debt Service$48,353.20
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