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.
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