Updated Oct 29, 2024
Eastmore Group Acquires Multi-family Property In Queens For $1.78M
18-56 Madison St, Flushing, NY 11385, USA
Building Size
5,700 SF
Asset Type
MultiFamily
Closing
Nov 7, 2017
About this deal
AI
The multi-family property located at 18-56 Madison Street in New York City has been sold in a closed transaction. The property, situated in the Queens market, was sold for a price of $1,780,000. The price per square footage (PPSF) for this property is $320.
Summary of transaction details:
- Property Type: Multi-family
- Transaction Amount: $1,780,000
The seller of the property was Mjs Madison Squared LLC, while the buyer was Eastmore Group.
Traded’s record for 18-56 Madison St, Flushing, NY 11385, USA in Ridgewood, New York covers a multifamily sale from 2017. The building is 5,700 square feet, implying about 0 per square foot on the published price. This page is the Ridgewood, New York file for the 18-56 Madison St, Flushing, NY 11385, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Ridgewood sit in the Market section below. Filter that Ridgewood multifamily set by closing date to see what else sold near 18-56 Madison St, Flushing, NY 11385, USA around 2017. Cite this Eastmore Group Acquires Multi-family Property In Queens For $1.78M sale when underwriting similar multifamily product around Ridgewood, New York.
Players
Ridgewood MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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