facebook
Traded Co logo
Submit

Victor Sismanoglou Acquires Multifamily Property In Jackson Heights, Queens For $12M

Property Image
SOLD
$12,000,000
Joseph (Joe) Koicim
Jack Sheresky
Peter Von Der Ahe
+ 3

New York

See Similar Deals
MultiFamily62,364 SF
Sold 05/13/2021
the dealplayerscompscontact
Property Image
SOLD

Victor Sismanoglou Acquires Multifamily Property In Jackson Heights, Queens For $12M

35-25 95th Street, Jackson Heights, Queens, NY, USA

See Similar Deals
MultiFamily62,364 SF
Sold 05/13/2021
Joseph (Joe) Koicim
Jack Sheresky
Peter Von Der Ahe
+ 3
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$192
Total Square Footage:62,364 SF
Transaction Type:Sale

A multifamily property located at 35-25 & 35-35 95th Street in Jackson Heights, Queens has been sold. The property consists of 80 units spanning across 62,364 square feet. The sale price for this transaction was $12,000,000, with a price per unit of $150,000 and a price per square foot of $192. The asset was purchased by Victor Sismanoglou from the seller Barry Rudofsky.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $12,000,000
  • Address: 35-25 & 35-35 95th Street
  • Market: Jackson Heights, Queens
  • Units: 80
  • Price per Unit: $150,000
  • Total Square Feet: 62,364
  • Price per Square Foot: $192

The transaction was facilitated by a team of brokers from New York Multifamily and Marcus & Millichap. The brokers involved in the deal were Peter Von Der Ahe, Joe Koicim, Shaun Riney, Dylan Walsh, and Jack Sheresky.

Players

Jack Sheresky
Marcus & Millichap
Jack Sheresky
2 deals$14.3M volume(718) 475-4300
BROKER
Peter Von Der Ahe
Marcus & Millichap
Peter Von Der Ahe
110 deals$1.4B volume
BROKER
Joseph (Joe) Koicim
Marcus & Millichap
Joseph Koicim
173 deals$2.7B volume(212) 430-5147
BROKER
Shaun Riney
Marcus & Millichap
Shaun Riney
357 deals$1.8B volume(718) 475-4369
BROKER
Dylan Walsh
Cushman & Wakefield
Dylan Walsh
72 deals$582.7M volume(917) 887-5441
BROKER
Barry Rudofsky
Barry Rudofsky
6 deals$75.5M volume(718) 521-5700
BROKER

Details

SOLD
IMAGE: Peter Von Der Ahe, Dylan Walsh, Shaun Riney, Jack Sheresky & Joe Koicim DATE: 05/13/2021 ADDRESS: 35-25 & 35-35 95th Street MARKET: Jackson Heights, Queens ASSET TYPE: Multifamily BUYER: Victor Sismanoglou SELLER: Barry Rudofsky BROKERS: Peter Von Der Ahe, Joe Koicim, Shaun Riney, Dylan Walsh & Jack Sheresky @NewYorkMultifamily @MarcusMillichap_NY ASKING PRICE: $12,500,000 SALE PRICE: $12,000,000 UNITS: 80 ~ PPU: $150,000 SF: 62,364 ~ PPSF: $192

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$640,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
Annual Debt Service$682,633.47