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35-28 95th Street

Anthony Kayafas Acquires Multifamily Property In Jackson Heights For $2.84M
SOLDMultiFamily

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

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.

Players

Matt Fotis

Marcus & Millichap

Broker

$609.4M

vol

112 deals

Broker

New York 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