Roszel Morris Acquires Multifamily In Springfield Gardens For $695K
SOLD
$695,000
New York
See Similar DealsMultiFamily1,640 SF
Sold 11/19/2021
SOLD
Roszel Morris Acquires Multifamily In Springfield Gardens For $695K
22418 143rd Avenue, Springfield Gardens, NY 11413, USA
See Similar DealsMultiFamily1,640 SF
Sold 11/19/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$423
Total Square Footage:1,640 SF
Transaction Type:Sale
The multifamily property located at 224-18 143rd Ave. in Springfield Gardens has been sold for a price of $695,000. The property spans 1,640 square feet and has a price per square foot of $423. It consists of 2 units, with each unit being sold at an average price of $347,500.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $695,000
- Address: 224-18 143rd Ave.
- Market: Springfield Gardens
Roszel Morris has acquired the property from Arturo Waal. The deal was facilitated by Doron Berenholtz from The Corcoran Group, who represented both the buyer and the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$37,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,469.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,294.65
Annual Debt Service$39,535.85
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