Harry Otterman Purchases Property At 3515 72nd St Queens NY For $1.6 Million With Rep Kevin Louie And Denise Prevete
SOLD
New York
See Similar DealsMultiFamily
SOLD
Harry Otterman Purchases Property At 3515 72nd St Queens NY For $1.6 Million With Rep Kevin Louie And Denise Prevete
3515 72nd St, Queens, NY, 11372
See Similar DealsMultiFamily
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale
The property involved in the transaction is located at 3515 72nd St, Queens, NY, 11372. It is situated within the Jackson Heights market. The transaction price for the property was $1,600,000.00, and the square footage is recorded as 0.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $1,600,000.00
- Address: 3515 72nd St, Queens, NY, 11372
- Market: Jackson Heights
- Seller's Representatives: Kevin Louie - Ripco, Denise Prevete - Cushman & Wakefield
- Buyer: Harry Otterman
In this transaction, Kevin Louie from Ripco and Denise Prevete from Cushman & Wakefield represented the sellers. Harry Otterman was the buyer in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
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