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111-07 106th St Queens, NY ...

Updated Sep 9, 2024

Bilt advertisement
Lipi Begum Acquires Multifamily Property In New York City
SOLDMultiFamily

Lipi Begum Acquires Multifamily Property In New York City

111-07 106th St Queens, NY 11417, USA

$900,000

$417/SF

Building Size

2,158 SF

Asset Type

MultiFamily

Closing

Jun 8, 2023

About this deal

AI

A multifamily property located at 111-07 106th Street in New York City has been sold in a recent transaction. The property consists of 2 units with a total square footage of 2,158. The sale price for the property was $900,000, resulting in a price per unit of $450,000 and a price per square foot of $417.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $900,000
  • Units: 2
  • Price per Unit: $450,000
  • Square Footage: 2,158
  • Price per Square Foot: $417
  • Address: 111-07 106th Street, New York City

The buyer of the property is Lipi Begum, while the sellers are Felix & Julia Checo. The transaction was facilitated by Jose Hernandez from Century 21 Monticello Realty. Jose Hernandez represented the seller in the deal.

Players

Jose Hernandez

Century 21

Broker

$2.1M

vol

2 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $417 per square foot on a published $900K for 2,158 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

17.63%

Cash-on-Cash

-5.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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