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23 215th Street

Justin Homapour's CROWN Investments Acquires Multifamily Property In Bay Terrace, Queens For $888K
SOLDMultiFamily

Justin Homapour's CROWN Investments Acquires Multifamily Property In Bay Terrace, Queens For $888K

23 215th Street

$888,000

$327/SF

Building Size

2,714 SF

Asset Type

MultiFamily

Closing

Dec 29, 2020

AI

Located in Bay Terrace, Queens, the multifamily property at 23-15 215th Street has been sold in a closed transaction. The sale took place on December 29, 2020, with Justin Homapour from CROWN Investments purchasing the property for a total price of $888,000. The property spans an area of 2,714 square feet, resulting in a price per square foot of $327. The transaction was conducted entirely in cash, with the buyer making the purchase sight unseen.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $888,000
  • Market: Bay Terrace, Queens
  • Address: 23-15 215th Street
  • Square Footage: 2,714
  • Buyer: Justin Homapour (@BklynDeveloper) - CROWN Investments
  • Contact: Justin Homapour, CROWN Investments, [email protected], 516-770-4297

CROWN Investments relies on brokers and agents to facilitate property transactions in the NY Metro area. For any inquiries or assistance with buying or selling properties, interested parties can reach out to Justin Homapour at CROWN Investments.

Players

Justin Homapour

CROWN Investments

Buyer

$16.2M

vol

8 deals

Buyer

New York 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

17.86%

Cash-on-Cash

-5.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93