Updated Jan 22, 2026
Sahill Kappor Acquires Massapequa Multifamily For $1M
201 Jerusalem Ave, Massapequa, NY, USA
$1,000,000
$83/SF
Building Size
12,000 SF
Asset Type
MultiFamily
Closing
Apr 22, 2021
About this deal
AI
Located at 201 Jerusalem Ave in Massapequa, this multifamily property was recently sold for a sale price of $1,000,000. The building spans across 12,000 square feet, resulting in a price per square foot of $83. The transaction took place on April 23, 2021. The seller, 201 Jerusalem Corp. represented by Louis Moyet, sold the property to the buyer, Sahill Kappor.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Address: 201 Jerusalem Ave
- Market: Massapequa
Managing the deal was Empire Business Management, with Michael Steinberg representing them as the broker. The sale was facilitated by Michael Steinberg from Empire Business Management. It's worth noting that the building was delivered vacant.
Players
Massapequa 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93