Anthony Petruso Acquires Flushing Multifamily For $4.55M From Kwok-Keung Cheung
147-18 Barclay Avenue, Queens, New York 11355, United States
$4,550,000
$413,636/SF
Building Size
11 SF
Asset Type
MultiFamily
Closing
Apr 17, 2023
AI
A multifamily property located at 147-18 Barclay Avenue & 147-20 Barclay Avenue in Flushing, Queens has been sold. The transaction took place on December 30, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,550,000
- Address: 147-18 Barclay Avenue & 147-20 Barclay Avenue, Flushing, Queens
- Market: Flushing, Queens
The buyer of the property is Anthony Petruso, while the seller is Kwok-Keung Cheung. The property consists of 16 units with a price per unit of $284,375. It spans a total area of 11,264 square feet, resulting in a price per square foot of $403.
Players
Flushing 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
3.49%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93