Dr. Wagdy Girgis Acquires Multifamily Property In Staten Island For $3.67M
30 Montgomery Avenue, Mid Island, Staten Island, NY 10301, USA
$3,675,000
$343/SF
Building Size
10,713 SF
Asset Type
MultiFamily
Closing
Mar 26, 2019
AI
The multifamily property located at 30 Montgomery Avenue in Staten Island, St George was recently sold. The property consists of 10,713 square feet and was sold for a total price of $3,675,000, resulting in a price per square foot of $343. The transaction took place on March 27, 2019.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,675,000
- Address: 30 Montgomery Avenue
- Market: Staten Island, St George
The seller of the property was Joe Shabot and Darrin Shabot, representing Montgomery Development Associates Llc. The buyer in this transaction was Dr. Wagdy Girgis. The brokers involved in the deal were American Homes Group, represented by Ron Molcho, Maurice Molcho, and Richard Dunn, and J. Milo Real Estate, represented by Kimberly Iannotta.
Players
Staten Island 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
4.32%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93