Andrew Zambratto & Corey Gluckstal Acquire Multifamily Property For $4M In Long Island
20 Wyoming Ave, Long Beach, NY 11561, USA
$4,000,000
$381/SF
Building Size
10,500 SF
Asset Type
MultiFamily
Closing
Apr 11, 2021
AI
Located at 20 Wyoming Ave. in the Long Island market, a multifamily property has been sold for a price of $4,000,000. The property spans a total of 10,500 square feet, resulting in a price per square foot of $380. The sale took place on April 12, 2021, and the asset was initially listed for $3,800,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Address: 20 Wyoming Ave.
- Market: Long Island
- Bought by: Andrew Zambratto & Corey Gluckstal
- Sold by: Nina Platzer
- Brokers: Saiid Boukhalfa & Jesse Limon from Marcus & Millichap NY
- Square Footage: 10,500
- Price per Square Foot: $380
The buyers, Andrew Zambratto and Corey Gluckstal, acquired the property from the seller, Nina Platzer. The brokers involved in the transaction were Saiid Boukhalfa and Jesse Limon from Marcus & Millichap NY.
Players
Long Beach 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93