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Maarouf Said Acquires Multifamily In Long Island City For $1.35M

Property Image
SOLD
$1,350,000

New York

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MultiFamily2,080 SF
Sold 03/08/2024
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Property Image
SOLD

Maarouf Said Acquires Multifamily In Long Island City For $1.35M

24-28 35th Street

See Similar Deals
MultiFamily2,080 SF
Sold 03/08/2024
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$649
Total Square Footage:2,080 SF
Transaction Type:Sale

The multifamily property located at 24-28 35th Street in Long Island City was sold for $1,350,000. The property consists of 2 units with a total square footage of 2,080, resulting in a price per unit of $675,000 and a price per square foot of $649.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,350,000
  • Address: 24-28 35th Street
  • Market: Long Island City
  • Asset Type: Multifamily
  • Buyer: Maarouf Said
  • Seller: Maryann Saclarides
  • Broker: Shahriar Alom - The Bouklis Group

Shahriar Alom from The Bouklis Group represented the seller, Maryann Saclarides, in this transaction. Despite receiving multiple all-cash offers, the buyer, Maarouf Said, was able to secure the property for another investment. For similar deals, Shahriar Alom can be contacted at [email protected].

Players

Shahriar Alom
The Bouklis Group
Shahriar Alom
3 deals$4M volume(646) 717-1832
BROKER

Details

SOLD
IMAGE: Shahriar Alom DATE: 03/08/2024 ADDRESS: 24-28 35th Street MARKET: Long Island City ASSET TYPE: Multifamily BUYER: Maarouf Said SELLER: Maryann Saclarides BROKER: Shahriar Alom (@718_RealEstate) - The Bouklis Group (@BouklisGroupNYC) SALE PRICE: $1,350,000 UNITS: 2 ~ PPU: $675,000 SF: 2,080 ~ PPSF: $649 NOTE FROM BROKER: Despite having multiple all-cash offers my client was able to secure another investment. Thank you for trusting me. For similar deals contact [email protected]

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$72,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
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