Mohammad Hoque And Farhan Seraj Purchase MultiFamily Asset In Cambria Heights For $635,000
SOLD
$635,000
New York
See Similar DealsMultiFamily1,400 SF
Sold
SOLD
Mohammad Hoque And Farhan Seraj Purchase MultiFamily Asset In Cambria Heights For $635,000
114 07 207th Street
See Similar DealsMultiFamily1,400 SF
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$453
Total Square Footage:1400 SF
Transaction Type:Sale
The property involved in the transaction is a MultiFamily asset located at 114 07 207th Street in the Cambria Heights market. The sale price of the property is set at $635,000.00. The building encompasses a total square footage of 1,400.0.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $635,000.00
- Address: 114 07 207th Street
- Market: Cambria Heights
- Square Footage: 1,400.0
- Buyer: Mohammad Hoque and Farhan Seraj
- Seller: Robin Ronbinson
The deal was represented by the buyer Mohammad Hoque and Farhan Seraj, who were the purchasers in this transaction. The seller Robin Ronbinson was involved in the sale as the owner of the property during the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$33,866.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,256.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,010.22
Annual Debt Service$36,122.69
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