Updated Oct 29, 2024
Realty Three Acquires Multifamily Property In Long Island For $7.5M
111 Sylvan Avenue, Miller Place, New York 11764, United States
$7,500,000
$241,935/SF
Building Size
31 SF
Asset Type
MultiFamily
Closing
Nov 28, 2022
About this deal
AI
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.
On the Map
$7,500,000
$241,935/SF
MultiFamily
View full map
Players
Miller Place MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Maxwell Garden to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93