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36-20 215th Street

Yan Feng Acquires Multifamily Property In Bayside, Queens For $1.4M
SOLDMultiFamily

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

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

Solomon Davydov

Exit Realty First Choice

Broker

$44.9M

vol

10 deals

Broker
Exit Realty First Choice
Exit Realty First ChoiceBrokerage

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