Michael Broxmeyer Acquires Multifamily Property In Bayside/Queens For $6.2M
SOLD
$6,175,000
New York
See Similar DealsMultiFamily17,213 SF
Sold 03/13/2019
SOLD
Michael Broxmeyer Acquires Multifamily Property In Bayside/Queens For $6.2M
19102 35th Avenue, Bayside, Queens County, NY, USA
See Similar DealsMultiFamily17,213 SF
Sold 03/13/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$358
Total Square Footage:17,213 SF
Transaction Type:Sale
Located at 191-02 35th Ave in Bayside/Queens, this multifamily property was recently sold in a closed transaction. The property spans 17,213 square feet and was sold for a price of $6,175,000, resulting in a price per square foot of $358.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,175,000
- Market: Bayside/Queens
- Seller: The DiNoto Group
- Buyer: Michael Broxmeyer - Fairfield Properties
- Brokers: Daniel Abbondandolo, Dimitri Mastrogiannis
- Date: 03/13/2019
The DiNoto Group acted as the seller in this transaction, while Michael Broxmeyer of Fairfield Properties represented the buyer. The deal was facilitated by brokers Daniel Abbondandolo and Dimitri Mastrogiannis, who played a crucial role in bringing both parties together.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$329,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,938.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,272.65
Annual Debt Service$351,271.80
Is there something missing? Send suggestions