FCA Acquires Flushing Property At 14348 41st Ave For $14.1M With Seller's Rep Ariel Property Advisors
14348 41st Ave, Queens, NY, 11355
$14,100,000
$251/SF
Building Size
56,000 SF
Asset Type
MultiFamily
Closing
Nov 20, 2023
AI
The property asset involved in this transaction is a multifamily building located at 143-48 41st Ave in the Flushing neighborhood of Queens. The building consists of six stories and encompasses a total of 56,000 square feet, offering 53 apartment units. The transaction amount for the sale of this property was $14,100,000.00.
Summary of transaction details:
- Property Type: Multifamily Building
- Transaction Amount: $14,100,000.00
- Address: 14348 41st Ave, Queens, NY, 11355
- Market: Flushing
- Buyer: FCA
- Seller's Representatives: Victor Sozio, Shimon Shkury, Michael Tortorici, and Jesse Greshin - Ariel Property Advisors
The deal was facilitated by Ariel Property Advisors, with Victor Sozio, Shimon Shkury, Michael Tortorici, and Jesse Greshin representing the seller. The details of the buyer remain undisclosed in this transaction.
Players
Flushing 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93