Amarbin Ahmed Acquires Multifamily Property In Elmhurst For $1.7M, Represented By Matt Fotis & Danzel Williams - Marcus & Millichap
SOLD
$1,700,000
New York
See Similar DealsMultiFamily4,134 SF
Sold 03/14/2022
SOLD
Amarbin Ahmed Acquires Multifamily Property In Elmhurst For $1.7M, Represented By Matt Fotis & Danzel Williams - Marcus & Millichap
41-32 76th Street, Queens, New York 11373, United States
See Similar DealsMultiFamily4,134 SF
Sold 03/14/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$411
Total Square Footage:4,134 SF
Transaction Type:Sale
The multifamily property located at 41-32 76th St. in Elmhurst has been sold in a closed transaction. The property consists of 10 units with a total square footage of 4,134. The sale price for the property is $1,700,000, resulting in a price per unit of $170,000 and a price per square foot of $411.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Address: 41-32 76th St.
- Market: Elmhurst
The buyer of the property is Amarbin Ahmed, while the seller is Joseph Preis. The transaction was facilitated by brokers Matt Fotis and Danzel Williams from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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