Updated Oct 29, 2024
Carmelle Bellefleur Purchases Jackson Heights Property From Singh & Mehta LLC For $4.79M
11117 Northern BLVD, Queens, NY, 11...
$4,790,000
$148/SF
Building Size
32,184 SF
Asset Type
MultiFamily
Closing
Apr 30, 2020
About this deal
AI
111-17 Northern Boulevard is a four-story brick corner apartment building located in Corona, Queens. The property encompasses 32,184 square feet and consists of 38 units, including 29 one-bedroom and 9 two-bedroom apartments. The transaction was finalized at a price of $4,785,000, which equates to $149 per square foot.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,785,000
- Property Address: 11117 Northern BLVD, Queens, NY
- Market: Jackson Heights
- Buyer: Carmelle Bellefleur
- Seller: Singh & Mehta LLC
- Buyer’s Representative: Amit Doshi (Meridian Capital Group)
- Seller’s Representative: Kevin Louie (Ripco)
Stephen R. Preuss also played a role in representing the seller, Singh & Mehta LLC, during the transaction. This deal highlights the participation of key representatives involved in facilitating the successful sale of the multifamily property.
On the Map
$4,790,000
$148/SF
MultiFamily
View full map
Players
Jackson Heights 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
3.31%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93