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
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