Updated Dec 18, 2023
Ginny Werner Acquires Multifamily Property In Jackson Heights For $17.1M
33-53 82 St, Queens, New York 11372, United States
$17,100,000
$626/SF
Building Size
27,312 SF
Asset Type
MultiFamily
Closing
Oct 28, 2021
About this deal
AI
The multifamily property located at 33-53 & 33-54 82 Street in Jackson Heights has been sold in a recent transaction. The property is zoned as R7-1 and covers a lot size of 13,000 square feet. It has a total square footage of 27,312 and a building square footage of 44,720. The property has a floor area ratio (FAR) of 2.10 and falls under tax class 2. The previous sale of the property took place on November 20, 2017, for a price of $23,000,000. An alteration permit was obtained on June 12, 2020.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $17,100,000
- Price per Square Foot (PPSF): $626
- Price per Building Square Foot (PPBSF): $382
- Lot Dimension: 100 ft x 130 ft
Ginny Werner is the buyer of the property, while Garrett Solomon is the seller. The deal was brokered by their respective representatives.
Players
Jackson Heights 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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93