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144-03 Barclay Ave, Flushin...

Polo 2 LLC Acquires 49-Unit Multifamily Building In Queens For $12.6M
SOLDMultiFamily

Polo 2 LLC Acquires 49-Unit Multifamily Building In Queens For $12.6M

144-03 Barclay Ave, Flushing, NY 11355, USA

Building Size

45,500 SF

Asset Type

MultiFamily

Closing

Nov 28, 2020

AI

The multifamily property located at 144-03 Barclay Avenue in Queens, New York, was recently sold for a price of $12,600,000. The property consists of a six-story building with a total of 49 units.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $12,600,000
  • Address: 144-03 Barclay Avenue, Queens, New York
  • Market: Queens
  • Units: 49 (six-story)

The seller of the property was Heller Realty, represented by Josh Heller. On the other hand, Polo 2 LLC, represented by Adam Pokrzywa, acted as the buyer in this transaction. The seller was represented by Aaron Jungreis of Rosewood Realty, while the buyer was represented by Michael Guttman and Jack Zalta, also of Rosewood Realty.

Players

Aaron Jungreis

Rosewood Realty Group

Broker

$4.4B

vol

207 deals

Broker
Heller Realty
Heller RealtySeller

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93