Eun Bang Acquires Multifamily Property At 41-43 150th Street In Whitestone For $1.35M
SOLD
$1,350,000
New York
See Similar DealsMultiFamily1,720 SF
Sold
SOLD
Eun Bang Acquires Multifamily Property At 41-43 150th Street In Whitestone For $1.35M
41-43 150th Street
See Similar DealsMultiFamily1,720 SF
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$784
Total Square Footage:1720 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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