Steven Kordvani Acquires Apartment In Briarwood, Queens For $3.3M
21 85th Road, Queens, New York 11421, United States
$3,325,000
$125/SF
Building Size
26,400 SF
Asset Type
MultiFamily
Closing
Mar 20, 2022
AI
The property asset involved in this closed transaction is an apartment located at 141-21 85th Road in the Briarwood neighborhood of Queens. The property sits on zoning R6A and spans a total square footage of 26,400. The sale took place on March 21, 2022.
Summary of transaction details:
- Property Type: Apartment
- Transaction Amount: $3,325,000
- Price per Square Foot: $125
- Buyer: Steven Kordvani
- Seller: Mohamad Karim Moallemi
The buyer in this transaction is Steven Kordvani while the seller is Mohamad Karim Moallemi. The property was sold for a total price of $3,325,000, with a price per square foot of $125.
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
4.77%
Cash-on-Cash
-1.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93