Updated Sep 5, 2024
Anthony Kayafas Acquires Multifamily Property In Jackson Heights For $2.84M
35-28 95th Street
$2,840,000
$183/SF
Building Size
15,504 SF
Asset Type
MultiFamily
Closing
Aug 12, 2022
About this deal
AI
The multifamily property located at 35-28 95th St. in Jackson Heights was recently sold in a transaction. The property consists of 20 units, with a total square footage of 15,504. The sale price for the property was $2,840,000, resulting in a price per unit of $142,000 and a price per square foot of $183.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,840,000
- Address: 35-28 95th St.
- Market: Jackson Heights
- Units: 20
- Price per unit: $142,000
- Square Footage: 15,504
- Price per square foot: $183
The buyer of the property is Anthony Kayafas, while the seller is Marcus Huang. The transaction was facilitated by the brokers Matt Fotis, Lazarus Apostolidis, and Danzel Williams, who represent Marcus & Millichap.
On the Map
$2,840,000
$183/SF
MultiFamily
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Queens 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
5.59%
Cash-on-Cash
-1.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93