David Avgi & Allon Avgi Acquire East Setauket Multifamily For $2.6M
SOLD
$2,575,000
New York
See Similar DealsMultiFamily28,944 SF
Sold 09/01/2023
SOLD
David Avgi & Allon Avgi Acquire East Setauket Multifamily For $2.6M
36 Route 25a & 6 South Jersey Avenue
See Similar DealsMultiFamily28,944 SF
Sold 09/01/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$89
Total Square Footage:28,944 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$137,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,148.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,206.81
Annual Debt Service$146,481.76
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