Updated Jul 22, 2025
Karabelas Family Acquires Multifamily Property In Long Island For $1.35M
121 School Rd Elmont, NY 11003, USA
$1,350,000
$252/SF
Building Size
5,347 SF
Asset Type
MultiFamily
Closing
Aug 3, 2023
About this deal
AI
The multifamily property located at 121-125 School Road in Long Island was recently sold for a total price of $1,350,000. This property spans a total of 5,347 square feet, resulting in a price per square foot of $252. The transaction took place on 08/03/2023.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Square Footage: 5,347
- Price per Square Foot: $252
- Address: 121-125 School Road, Long Island
The buyer of this property was the Karabelas Family, while the seller was Levi Kushnir of Stable Holdings LLC. The deal was facilitated by Thomas Bigansky, who represented the buyer as a broker from North Village Realty.
Players
New York 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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93