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

Updated Sep 9, 2024

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.

On the Map

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$900,000

$417/SF

MultiFamily

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Players

Jose Hernandez

Century 21

Broker

$2.1M

vol

2 deals

Broker
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Queens 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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