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37-40 75th Street, Queens, ...

Updated Dec 20, 2023

Jaswinder Singh Acquires Multifamily Property In Jackson Heights, Queens For $3.17M
SOLDMultiFamily

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

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Deal FAQ

About $515 per square foot on a published $3.2M for 6,150 square feet (2022).

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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

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