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35-48 94th Street, Queens, ...

Narciso Richard Begazo Sells Multifamily Property In Jackson Heights For $2.79M - Bestreich Realty Group Brokers
SOLDMultiFamily

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

Derek Bestreich

Investment Property Realty Group (IPRG)

Broker

$1.1B

vol

312 deals

Broker
Donal Flaherty
Verified Badge

Donal Flaherty

Investment Property Realty Group (IPRG)

Broker

$367.7M

vol

101 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

5.69%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93