Updated Dec 20, 2023
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
$1,700,000
$411/SF
Building Size
4,134 SF
Asset Type
MultiFamily
Closing
Mar 13, 2022
About this deal
AI
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.
On the Map
$1,700,000
$411/SF
MultiFamily
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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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93