Updated Dec 21, 2023
Colliers Brokers Sell Rockaway Park Multifamily In Queens For $5.9M
2-15 Beach 101st Street, Queens, New York 11694, United States
$5,900,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 5, 2022
About this deal
AI
The multifamily property located at 2-15 Beach 101st Street in Rockaway Park, Queens has been sold. The transaction was facilitated by brokers Jacklene Chesler, Patrick Norris, and Darren Leiderman from Colliers. The sale price for the property was $5,900,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,900,000
- Address: 2-15 Beach 101st Street
- Market: Rockaway Park, Queens
Jacklene Chesler, Patrick Norris, and Darren Leiderman from Colliers played a crucial role as brokers in this deal. They represented the buyer and seller in the transaction, ensuring a smooth process for both parties involved.
Players
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93