Updated Dec 4, 2024
Yan Feng Acquires Multifamily Property In Bayside, Queens For $1.4M
36-20 215th Street
$1,400,000
$701/SF
Building Size
1,995 SF
Asset Type
MultiFamily
Closing
Sep 26, 2023
About this deal
AI
A multifamily property located at 36-20 215th Street in Bayside, Queens has been sold for $1,400,000. The property consists of two units with a price per unit of $700,000. It has a total square footage of 1,995, resulting in a price per square foot of $702.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Units: 2
- Price per Unit: $700,000
- Square Footage: 1,995
- Price per Square Foot: $702
- Address: 36-20 215th Street, Bayside, Queens
- Market: Bayside, Queens
The buyer of the property is Yan Feng and the seller is the Estate of Hesler. Solomon Davydov from Exit Realty First Choice acted as the broker in this transaction.
Players
Bayside 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93