Updated Oct 29, 2024
Realty Three Acquires Multifamily Property In Long Island For $7.5M
111 Sylvan Ave, Miller Place, NY 11764, USA
$75,000,000
$2,419/SF
Building Size
31,000 SF
Asset Type
MultiFamily
Closing
Nov 28, 2022
About this deal
AI
The multifamily property located at 111 Sylvan Avenue in Long Island has been sold for a total price of $7,500,000. The property spans approximately 31,000 square feet, resulting in a price per square foot of $242. The transaction took place on 11/28/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,500,000
The buyer of the property is Realty Three, represented by Charlie Lefkowitz. The seller of the property is Maxwell Garden. Charlie Lefkowitz from Realty Three served as the broker representative for the buyer in this transaction.
On the Map
$75,000,000
$2,419/SF
MultiFamily
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Players
Miller Place 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93