Narciso Richard Begazo Sells Multifamily Property In Jackson Heights For $2.79M - Bestreich Realty Group Brokers
SOLD
$2,790,000
+ 2
New York
See Similar DealsMultiFamily12,760 SF
Sold 05/25/2022
SOLD
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
See Similar DealsMultiFamily12,760 SF
Sold 05/25/2022
+ 2
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$218
Total Square Footage:12,760 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$148,800.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,912.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,226.02
Annual Debt Service$158,712.28
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