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Realty Three Acquires Multifamily Property In Long Island For $7.5M

Property Image
SOLD
$7,500,000

New York

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MultiFamily31 SF
Sold 11/28/2022
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Property Image
SOLD

Realty Three Acquires Multifamily Property In Long Island For $7.5M

111 Sylvan Avenue, Miller Place, New York 11764, United States

See Similar Deals
MultiFamily31 SF
Sold 11/28/2022
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$241,935
Total Square Footage:31 SF
Transaction Type:Sale

Realty Three, represented by Charlie Lefkowitz, has acquired a multifamily property located at 111 Sylvan Avenue in Long Island. The property, sold by Maxwell Garden, was transacted for a price of $7,500,000. It spans a total area of 31,000 square feet, resulting in a price per square foot of $242.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $7,500,000
  • Address: 111 Sylvan Avenue
  • Market: Long Island

Charlie Lefkowitz of Realty Three acted as the buying representative in this transaction, while Maxwell Garden represented the seller. This successful deal highlights the expertise and professionalism of the individuals and companies involved.

Players

7 deals$129.1M volume
BUYER

2 deals$82.5M volume
SELLER

Details

SOLD
IMAGE: Charlie Lefkowitz DATE: 11/28/2022 ADDRESS: 111 Sylvan Avenue MARKET: Long Island ASSET TYPE: Multifamily BUYER: Realty Three - Charlie Lefkowitz (@Charlie_Lef_) SELLER: Maxwell Garden SALE PRICE: $7,500,000 SF: 31,000 ~ PPSF: $242

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$26,645.91
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