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108-39 42nd Ave, Queens, Fl...

Sam Eshaghoff Acquires Multifamily Property In Queens For $1.4M
SOLDMultiFamily

Sam Eshaghoff Acquires Multifamily Property In Queens For $1.4M

108-39 42nd Ave, Queens, Flushing, NY, USA

$1,400,000

$354/SF

Building Size

3,950 SF

Asset Type

MultiFamily

Closing

Jul 21, 2021

AI

Located at 108-39 42nd Ave in Queens, this multifamily property is a great investment opportunity. The property spans 3,950 square feet and has a tax class of 2A. The sale took place on July 22, 2021, with a sale price of $1,400,000. The price per square foot was $354. The property consists of 5 units, with each unit valued at $280,000. The lot size is 25 ft x 100 ft.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,400,000
  • Address: 108-39 42nd Ave
  • Market: Queens
  • Tax Class: 2A
  • Square Footage: 3,950
  • Sale Price per Square Foot: $354
  • Number of Units: 5
  • Price per Unit: $280,000
  • Lot Size: 25 ft x 100 ft

The buyer in this transaction was Sam Eshaghoff. Representing the buyer were Shaun Riney and Dylan Walsh from Marcus & Millichap. The seller's representative was Tom Bouklis from Bouklis Group. The involvement of these individuals and companies played a crucial role in the successful completion of the deal.

Players

Tom Bouklis

Broker

$32.6M

vol

5 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

359 deals

Broker

Sam Eshaghoff

Buyer

$21M

vol

4 deals

Buyer

Corona 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

11.33%

Cash-on-Cash

-3.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93