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
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