Andrew Zambratto & Corey Gluckstal Acquire Multifamily Property For $4M In Long Island
SOLD
$4,000,000
New York
See Similar DealsMultiFamily10,500 SF
Sold 04/12/2021
SOLD
Andrew Zambratto & Corey Gluckstal Acquire Multifamily Property For $4M In Long Island
20 Wyoming Ave, Long Beach, NY 11561, USA
See Similar DealsMultiFamily10,500 SF
Sold 04/12/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$381
Total Square Footage:10,500 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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