Updated Aug 17, 2026
Jose Guzman Of 40-47 Realty LLC Purchases 15-Unit MultiFamily At 40-49 97th Street For $5M
40-49 97th Street
$5,000,000
Units
15
Asset Type
MultiFamily
Closing
Aug 10, 2026
About this deal
AI
The asset involved in this transaction is a 15-unit multifamily building located at 40-49 97th Street in Corona, Queens. The sale price for the property was $5,000,000, which amounts to a price per unit of $333,333.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $5,000,000
- Buyer: Jose Guzman
- Seller: Haniph Mohammed
- Units: 15
- Market: Corona, Queens
- Price Per Unit: $333,333
In this transaction, the buyer, Jose Guzman, purchased the property through 40-47 Realty LLC. The seller is represented by Haniph Mohammed’s trust. The deal showcases the continued investment activity in the Corona, Queens market.
Players
Queens 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93