Tsering Namgyal Acquires Multifamily Property In New York City For $1.315M
SOLD
$1,315,000
New York
See Similar DealsMultiFamily3,166 SF
Sold 07/20/2023
SOLD
Tsering Namgyal Acquires Multifamily Property In New York City For $1.315M
32-30 46th St Queens, NY 11103, USA
See Similar DealsMultiFamily3,166 SF
Sold 07/20/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$415
Total Square Footage:3,166 SF
Transaction Type:Sale
A multifamily property located at 32-30 46th Street in New York City has been sold for a price of $1,315,000. The property consists of 2 units and spans a total area of 3,166 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,315,000
- Units: 2
- Price per Unit: $657,500
- Square Footage: 3,166
- Price per Square Foot: $415
- Address: 32-30 46th Street, New York City
Tsering Namgyal is the buyer of the property, while John Zoumberakis is the seller. The transaction was facilitated by Andreas Kambanis from The Bouklis Group, representing the buyer, and Konstantinos Tsoukaris from Remax Elite, representing the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$70,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,671.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,233.77
Annual Debt Service$74,805.25
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