Fairfield Properties Acquires Property In Flushing Queens For $6.1 Million With Dan Abbondandolo As Seller's Rep
SOLD
$6,100,000
New York
See Similar DealsMultiFamily
SOLD
Fairfield Properties Acquires Property In Flushing Queens For $6.1 Million With Dan Abbondandolo As Seller's Rep
3509 191st St, Queens, NY, 11358
See Similar DealsMultiFamily
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale
The property asset involved in this transaction is a 16-unit multifamily property located at 3509 191st St, Queens, NY, 11358, representing a total transaction value of $6,100,000. The property consists of one- and two-bedroom duplex units as well as three-bedroom triplex units, situated in the Flushing market area.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,100,000
- Address: 3509 191st St, Queens, NY, 11358
- Market: Flushing
- Seller's Representative: Daniel Abbondandolo - Cushman & Wakefield & Dimitri Mastrogiannis
- Buyer: Fairfield Properties
Daniel Abbondandolo and Dimitri Mastrogiannis of Cushman & Wakefield served as the representatives for the seller, The DiNoto Group, in this transaction. The location is in proximity to the Auburndale Long Island Rail Road station, which adds accessibility to the area.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$325,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,672.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,917.11
Annual Debt Service$347,005.34
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