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Yaniv Grinberg & Nathaniel Smith Brokered a Multifamily Property At 41-15 Warren Street In Elmhurst For $1.95M

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SOLD
$1,950,000

New York

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MultiFamily10,000 SF
Sold 07/19/2024
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Property Image
SOLD

Yaniv Grinberg & Nathaniel Smith Brokered a Multifamily Property At 41-15 Warren Street In Elmhurst For $1.95M

41-15 Warren Street

See Similar Deals
MultiFamily10,000 SF
Sold 07/19/2024
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$195
Total Square Footage:10,000 SF
Transaction Type:Sale

The property asset involved in the transaction is a multifamily building located at 41-15 Warren Street in the Elmhurst market. The sale price was $1,950,000 for a total square footage of 10,000, resulting in a price per square foot of $195.

Summary of transaction details:

The key individuals involved in this deal are seller Konnie Rutman, along with brokers Yaniv Grinberg and Nathaniel Smith, who represented the transaction through Oxford Property Group. This transaction highlights the collaborative efforts of these professionals in facilitating the sale.

Players

Nathaniel Smith
13 deals$35.1M volume(516) 650-8549
BROKER

Yaniv Grinberg
Oxford Property Group
8 deals$28.5M volume(917) 473-1108
BROKER

Details

SOLD
IMAGE: Yaniv Grinberg & Nathaniel Smith DATE: 07/19/2024 ADDRESS: 41-15 Warren Street MARKET: Elmhurst ASSET TYPE: Multifamily SELLER: Konnie Rutman BROKER: Yaniv Grinberg & Nathaniel Smith - Oxford Property Group (@TeamCRENY) (@OxfordSpireGroup) SALE PRICE: $1,950,000 SF: 10,000 ~ PPSF: $195

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$103,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,927.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,243.99
Annual Debt Service$110,927.94