Updated Sep 9, 2024
Barbie Li Team Sells Multifamily Property In New York City For $10M
147-12 Roosevelt Ave Queens, NY 11354, USA
$10,000,000
$518/SF
Building Size
19,280 SF
Asset Type
MultiFamily
Closing
Jun 8, 2023
About this deal
AI
A multifamily property located at 147-12 Roosevelt Avenue in New York City has been sold for $10,000,000. The property spans 19,280 square feet, resulting in a price per square foot of $519.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,000,000
- Square Footage: 19,280
- Price per Square Foot: $519
- Address: 147-12 Roosevelt Avenue, New York City
The sale was facilitated by Barbie Li of B Square Realty. Barbie Li is a representative of Lin Li, the seller of the property.
Note from Broker: The Barbie Li team is excited to announce the successful sale of this brand-new condo building in Flushing. They pride themselves on their strong teamwork, extensive experience, and dedication to their clients. Barbie Li and her team have the resources, network, and off-market opportunities to tailor results according to the needs of investors, developers, and sellers. If you're interested in exploring vibrant opportunities in New York or seeking exclusive off-market options, you can contact Barbie Li at [email protected] for a no-obligation chat to turn your real estate aspirations into reality.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93