Updated Sep 20, 2024
Unknown Buyer Acquires Property At 21701 Merrick Blvd Queens NY For $1.32M With Seller's Rep Dwane Omar Jones Of Marcus & Millichap
21701 Merrick BLVD, Queens, NY, 114...
$1,320,000
$380/SF
Building Size
3,471 SF
Asset Type
MultiFamily
Closing
Aug 10, 2021
About this deal
AI
The property involved in the transaction is located at 21701 Merrick Blvd, Queens, NY, within the Springfield Gardens market. The asset has a total size of 3,471 square feet and was sold for $1,320,000.00.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $1,320,000.00
- Address: 21701 Merrick BLVD, Queens, NY, 114...
- Market: Springfield Gardens
- Seller's Representative: Dwane Omar Jones - Marcus & Millichap
- Buyer: Unknown
Dwane Omar Jones from Marcus & Millichap represented the seller in this transaction. The identity of the buyer remains undisclosed.
Springfield Gardens 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
12.02%
Cash-on-Cash
-3.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93