Updated Dec 20, 2023
Jaswinder Singh Acquires Multifamily Property In Jackson Heights, Queens For $3.17M
37-40 75th Street, Queens, New York 11372, United States
$3,170,000
$515/SF
Building Size
6,150 SF
Asset Type
MultiFamily
Closing
Aug 25, 2022
About this deal
AI
A multifamily property located at 37-40 75th Street in Jackson Heights, Queens has been sold. The property has a zoning classification of R5 and consists of a total of 6,150 square feet. The building has a buildable square footage (BSF) of 3,750 and a price per buildable square foot (PPBSF) of $845. The sale price for the property was $3,170,000, resulting in a price per square foot (PPSF) of $515. The lot size is 3,000 square feet, with dimensions of 30 feet by 100 feet.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,170,000
- Market: Jackson Heights, Queens
- Buyer: Jaswinder Singh
- Seller: Silvia T Suarez
The property's floor area ratio (FAR) is 2.05 and it falls under tax class 2A. The last recorded sale of the property was on May 30, 2006, for a price of $1,545,375. A permit for alteration 2 was issued on December 9, 2005.
NOTE: There is no additional information available about the property.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.00%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93