Narciso Richard Begazo Sells Multifamily Property In Jackson Heights For $2.79M - Bestreich Realty Group Brokers
35-48 94th Street, Queens, New York 11372, United States
$2,790,000
$218/SF
Building Size
12,760 SF
Asset Type
MultiFamily
Closing
May 24, 2022
AI
A multifamily property located at 35-48 94th St. in Jackson Heights, Queens was recently sold. The property consists of 16 units and spans 12,760 square feet. The sale price for this transaction was $2,790,000, resulting in a price per unit of $174,375, and a price per square foot of $218.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,790,000
- Address: 35-48 94th St., Jackson Heights, Queens
- Market: Jackson Heights, Queens
- Units: 16
- Price per Unit: $174,375
- Total Square Feet: 12,760
- Price per Square Foot: $218
The seller of the property was Narciso Richard Begazo. The transaction was facilitated by the broker team consisting of Derek Bestreich, Luke Sproviero, Donal Flaherty, Logan Boenning, and Sal Monteverde from Bestreich Realty Group (BRG). For inquiries regarding selling mixed-use or multifamily properties in Queens, NY, interested parties can contact [email protected] through social media or email.
Players
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
5.69%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93