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35-25 95th Street, Jackson ...

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

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

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

$12,000,000

$192/SF

Building Size

62,364 SF

Asset Type

MultiFamily

Closing

May 12, 2021

AI

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

Broker

$14.3M

vol

2 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker

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

1.32%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93