facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

21 85th Road, Queens, New Y...

Steven Kordvani Acquires Apartment In Briarwood, Queens For $3.3M
SOLDMultiFamily

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

Steven Kordvani

Buyer

$31.5M

vol

4 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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