Updated Sep 5, 2024
Richard T. Guarino & Steven Padernacht Acquires Multifamily Properties In Queens Village For $10.6M
106-15 217th St, Queens Village, Queens, Queens Village, NY, USA
$10,625,000
$226/SF
Building Size
46,870 SF
Asset Type
MultiFamily
Closing
Oct 7, 2021
About this deal
AI
A multifamily property in Queens Village has been sold for $10,625,000. The property, located at 106-15 217th St., 90-75 179th St., and 90-16 171st St., consists of 72 units and spans 46,870 square feet. The purchase price per unit amounts to $147,569, with a price per square foot of $226.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,625,000
- Units: 72
- Price per Unit: $147,569
- Square Footage: 46,870
- Price per Square Foot: $226
- Market: Queens Village
The deal was facilitated by Richard T. Guarino from Friedman-Roth and Steven Padernacht from Keller Williams Realty NYC Group. They represented the parties involved in the transaction.
Players
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
1.49%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93