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41-43 150th Street

Eun Bang Acquires Multifamily Property At 41-43 150th Street In Whitestone For $1.35M
SOLDMultiFamily

Eun Bang Acquires Multifamily Property At 41-43 150th Street In Whitestone For $1.35M

41-43 150th Street

$1,350,000

$784/SF

Building Size

1,720 SF

Asset Type

MultiFamily

Closing

Sep 30, 2024

AI

This multifamily property located at 41-43 150th Street in the Whitestone market was sold for $1,350,000. The asset consists of 2 units, with a price per unit of $675,000. The property encompasses a total square footage of 1,720, resulting in a price per square foot of $784.

Summary of transaction details:

In this transaction, Eun Bang acted as the buyer while Abe Lee represented the seller. The brokerage involved in this sale was Evergreen Realty & Investments, represented by Daniel Barcelowsky.

Players

Daniel Barcelowsky

Evergreen Realty & Investments

Broker

$83.9M

vol

52 deals

Broker

Flushing 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

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93