Updated Dec 21, 2023
Roszel Morris Acquires Multifamily In Springfield Gardens For $695K
22418 143rd Avenue, Springfield Gardens, NY 11413, USA
$695,000
$423/SF
Building Size
1,640 SF
Asset Type
MultiFamily
Closing
Nov 19, 2021
About this deal
AI
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.
On the Map
$695,000
$423/SF
MultiFamily
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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
22.82%
Cash-on-Cash
-6.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93