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:
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Units: 2
- Price Per Unit: $675,000
- Square Footage: 1,720
- Price Per Square Foot: $784
- Buyer: Eun Bang
- Seller: Abe Lee
- Broker: Daniel Barcelowsky - Evergreen Realty & Investments
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.
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