Zaber Rayan Purchases Richmond Hill Multifamily From Eric Benaim For $4.316M
SOLD
$4,316,000
New York
See Similar DealsMultiFamily21,000 SF
Sold 03/06/2026
SOLD
Zaber Rayan Purchases Richmond Hill Multifamily From Eric Benaim For $4.316M
118-16 91st Avenue
See Similar DealsMultiFamily21,000 SF
Sold 03/06/2026
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$205
Total Square Footage:21,000 SF
Transaction Type:Sale
The property asset involved in this transaction is a MultiFamily asset located at 118-16 91st Avenue in the Richmond Hill market. The sale price for this asset was $4,316,000, which encompasses 30 units. The total square footage of the property is 21,000, resulting in a price per unit of $143,866 and a price per square foot of $205.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,316,000
- Address: 118-16 91st Avenue
- Market: Richmond Hill
- Units: 30
- Square Feet: 21,000
- Price Per Unit: $143,866
- Price Per Square Foot: $205
- Buyer: Zaber Rayan
- Seller: Eric Benaim - Benaim X Partners
- Broker: Evan Daniel - Modern Spaces
This transaction involved key individuals, with Zaber Rayan representing the buyer's side and Eric Benaim from Benaim X Partners representing the seller. Broker Evan Daniel from Modern Spaces facilitated the sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$230,186.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,333.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,460.04
Annual Debt Service$245,520.50
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