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192 Beach 102nd Street, Que...

Thomas Polsnelli Acquires Apartment In Seaside, Queens For $3.8M
SOLDMultiFamily

Thomas Polsnelli Acquires Apartment In Seaside, Queens For $3.8M

192 Beach 102nd Street, Queens, New York 11694, United States

$3,800,000

$160/SF

Building Size

23,618 SF

Asset Type

MultiFamily

Closing

Aug 29, 2022

AI

The apartment property located at 192 Beach 102 Street in Seaside, Queens has been sold. The transaction took place on August 30, 2022.

Summary of transaction details

  • Property Type: Apartment
  • Transaction Amount: $3,800,000
  • Market: Seaside, Queens
  • Zoning: R5D
  • Buyer: Thomas Polsnelli
  • Seller: Dino Tomassetti Jr

The apartment property, with a total square footage of 23,618, was sold for a price of $3,800,000. The price per square foot (PPSF) was approximately $160. The building consists of 18,970 buildable square feet (BSF) with a price per buildable square foot (PPBSF) of $200.

The property has a floor area ratio (FAR) of 2.49 and falls under tax class 2. The lot size is 9,485 square feet, with dimensions of 94.85 feet by 100 feet. The property has undergone an alteration permit in the past on November 18, 2011.

Players

Dino Tomassetti Jr

Asset Realty & Construction Group

Seller

$76.7M

vol

6 deals

Seller

New York 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

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93