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147-12 Roosevelt Ave Queens...

Updated Sep 9, 2024

Barbie Li Team Sells Multifamily Property In New York City For $10M
SOLDMultiFamily

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.

Players

Li Li

B Square Realty

Broker

$83.2M

vol

50 deals

Broker

Market MultiFamily Market Snapshot

Boundary boundary ยท MultiFamily ยท Sale transactions

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Deal FAQ

About $518 per square foot on a published $10M for 19,280 square feet (2023).

Visit Li (Barbie) Li to view all their deals.

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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

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