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Multifamily Property At 41-42 40th Street Sells For $3.5 Million With Atlas Realty Group

Property Image
SOLD
$3,500,000
Shlomo Antebi
Erik Yankelovich
+ 1

New York

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MultiFamily13,500 SF
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Property Image
SOLD

Multifamily Property At 41-42 40th Street Sells For $3.5 Million With Atlas Realty Group

41 42 40th Street

See Similar Deals
MultiFamily13,500 SF
Sold
Shlomo Antebi
Erik Yankelovich
+ 1
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$259
Total Square Footage:13500 SF
Transaction Type:Sale

The asset involved in this transaction is a multifamily property located at 41-42 40th Street in the Sunnyside market. The sale price is $3,500,000, encompassing 23 units and totaling 13,500 square feet. The price per unit is $152,173, and the price per square foot is $259.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,500,000
  • Units: 23
  • Square Footage: 13,500
  • Price Per Unit: $152,173
  • Price Per Square Foot: $259

This transaction involved brokers Sam Schwartz, Shlomo Antebi, Erik Yankelovich, and Yosef Katz, all representing Atlas Realty Group in the sale of the property.

Players

Erik Yankelovich
124 deals$1B volume
BROKER

Yosef Katz
Atlas Realty Group
130 deals$1.1B volume
BROKER

Shlomo Antebi
Atlas Realty Group
135 deals$994.4M volume
BROKER

Sam Schwartz
Atlas Realty Group
5 deals$15.9M volume(212) 419-8069
BROKER

Atlas Realty Group
BROKERAGE

Details

SOLD
IMAGE: Sam Schwartz, Shlomo Antebi, Yosef Katz & Erik Yankelovich DATE: 10/21/2025 ADDRESS: 41-42 40th Street MARKET: Sunnyside ASSET TYPE: Multifamily BROKERS: Sam Schwartz, Shlomo Antebi, Erik Yankelovich (@Eyfromny) & Yosef Katz (@Katz.Yosef) - Atlas Realty Group (@ARG_NYC) SALE PRICE: $3,500,000 UNITS: 23 ~ PPU: $152,173 SF: 13,500 ~ PPSF: $259

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

$186,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43