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Nina Molonga Acquires Package Deal In Athens For $550,000

Property Image
SOLD
$550,000

New York

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MultiFamily3,600 SF
Sold 05/30/2023
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Property Image
SOLD

Nina Molonga Acquires Package Deal In Athens For $550,000

286 Tommy Trail Athens, NY 12015, USA & 286 Tommy Trail

See Similar Deals
MultiFamily3,600 SF
Sold 05/30/2023
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$152
Total Square Footage:3,600 SF
Transaction Type:Sale

The property involved in this sale is a package deal located at 286 Tommy Trail in Athens. The transaction was completed on 05/30/2023. The property consists of 1,800 square feet and was sold for a price of $550,000, resulting in a price per square foot of $306. The buyer in this transaction was Nina Molonga, while the seller was Bowery Boi.

Summary of transaction details

  • Property Type: Package Deal
  • Transaction Amount: $550,000
  • Square Footage: 1,800
  • Buyer: Nina Molonga
  • Seller: Bowery Boi

The transaction was facilitated by Mike Mangual from NXT LVL Realty. He represented the buyer, Nina Molonga, in this deal.

Players

Mike Mangual
NXT LVL Realty
Mike Mangual
1 deal$550K volume(305) 967-8159
BROKER

Details

SOLD
IMAGE: Evan Rugen & Mike Mangual DATE: 05/30/2023 ADDRESS: 286 Tommy Trail MARKET: Athens ASSET TYPE: Package Deal BUYER: Nina Molonga SELLER: Bowery Boi (@Boweboi) BROKER: Mike Mangual (@Mikey_Mangual) - NXT LVL Realty (@NxtLvlRealty) SALE PRICE: $550,000 SF: 1,800 ~ PPSF: $306

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

$29,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$1,954.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,607.28
Annual Debt Service$31,287.37