Acquires Multifamily Property On 11-38 44th Drive, New York City For $2.75M
11-38 44th Drive
$2,750,000
$258/SF
Building Size
10,644 SF
Asset Type
MultiFamily
Closing
Sep 20, 2022
AI
Located at 11-38 44th Drive in New York City, this multifamily property has been sold in a recent transaction. The property consists of 17 units spread over a total of 10,644 square feet. The sale price for this transaction was $2,750,000, resulting in a price per unit of $161,765 and a price per square foot of $258.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,750,000
- Date: 09/20/2022
- Address: 11-38 44th Drive, New York City
- Units: 17
- PPU: $161,765
- SF: 10,644
- PPSF: $258
- Buyer:
- Seller:
- Buyer's Rep: Andreas Kambanis - The Bouklis Group
- Seller's Rep: Mario Tsikis - Citi Zone Realty
The buyer in this transaction is , represented by Andreas Kambanis from The Bouklis Group. On the other hand, the seller, , was represented by Mario Tsikis from Citi Zone Realty.
Players
Market 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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93