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36 Route 25a

David Avgi & Allon Avgi Acquire East Setauket Multifamily For $2.6M
SOLDMultiFamily

David Avgi & Allon Avgi Acquire East Setauket Multifamily For $2.6M

36 Route 25a & 6 South Jersey Avenue

$2,575,000

$89/SF

Building Size

28,944 SF

Asset Type

MultiFamily

Closing

Sep 1, 2023

AI

A multifamily property located at 36 Route 25a & 6 S Jersey Ave in East Setauket has been sold for a total price of $2,575,000. The property consists of 6 units with an average price per unit of $429,167. The total square footage of the property is 14,472, with a price per square foot of $178.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,575,000
  • Units: 6
  • Price per Unit: $429,167
  • Square Footage: 14,472
  • Price per Square Foot: $178
  • Address: 36 Route 25a & 6 S Jersey Ave, East Setauket

David Avgi and Allon Avgi have acquired this multifamily property. The seller, Steve Griffen, successfully closed the deal with the assistance of Michael Murphy from Douglas Elliman as the broker representative.

Players

Michael Murphy

Douglas Elliman

Broker

$94.4M

vol

23 deals

Broker
David Avgi

David Avgi

Buyer

$81.2M

vol

24 deals

Buyer

East Setauket MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.16%

Cash-on-Cash

-1.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93