Multifamily Property At 41-42 40th Street Sells For $3.5 Million With Atlas Realty Group
SOLD
New York
See Similar DealsMultiFamily13,500 SF
Sold
SOLD
Multifamily Property At 41-42 40th Street Sells For $3.5 Million With Atlas Realty Group
41 42 40th Street
See Similar DealsMultiFamily13,500 SF
Sold
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
BROKERAGE
Details
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Deal Type
30 years
10 years
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
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