Carmelle Bellefleur Acquires Multifamily Property In Corona, Queens For $4.88M
111-17 Northern Blvd, Flushing, NY 11369, USA
$4,875,000
$151/SF
Building Size
32,184 SF
Asset Type
MultiFamily
Closing
Mar 26, 2020
AI
The multifamily property located at 111-17 Northern Blvd in Corona, Queens has been sold for a total price of $4,875,000. The property spans a total area of 32,184 square feet, resulting in a price per square foot of $149. The property consists of 38 units, with a price per unit of $125,921.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,875,000
- Square Footage: 32,184
- Price per Square Foot: $149
- Number of Units: 38
- Price per Unit: $125,921
The seller of this property is Dhiren Mehta, and the buyer is Carmelle Bellefleur. The transaction was facilitated by brokers Stephen R. Preuss and Kevin Louie from @TeamPreuss @CushWake, along with Amit Doshi from @Meridian.Capital.Group @TeamDoshi.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.25%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93