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11-38 44th Drive

 Acquires Multifamily Property On 11-38 44th Drive, New York City For $2.75M
SOLDMultiFamily

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:

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

Andreas Kambanis

The Bouklis Group

Broker

$7.2M

vol

4 deals

Broker

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