Updated Oct 29, 2024
Salvatore Acquista Acquires Multifamily Property In Whitestone, Queens For $6M
150-27 14th Road, Queens, New York 11357, United States
$6,000,000
$1,000,000/SF
Building Size
6 SF
Asset Type
MultiFamily
Closing
Dec 27, 2022
About this deal
AI
A multifamily property located at 150-27 14th Road & 150-21 14th Road in Whitestone, Queens was recently sold for $6,000,000. The property has a total square footage of 10,987 and a price per square foot of $546. It consists of a total of 6,207 square feet and has a price per square foot of $967.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Buyer: Salvatore Acquista
- Seller: Vito Didonna Estate - Lisa Feeley
- BSF: 10,987
- PPBSF: $546
- SF: 6,207
- PPSF: $967
The buyer involved in this transaction is Salvatore Acquista, while the seller is the Vito Didonna Estate represented by Lisa Feeley. The property in question is located in the Whitestone market of Queens.
Players
Whitestone 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93