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41-55 Case St, Flushing, NY...

Barry Apelbaum Acquires Multifamily Property In Elmhurst, Queens For $4.5M
SOLDMultiFamily

Barry Apelbaum Acquires Multifamily Property In Elmhurst, Queens For $4.5M

41-55 Case St, Flushing, NY 11373, USA

$4,500,000

$266/SF

Building Size

16,880 SF

Asset Type

MultiFamily

Closing

Sep 6, 2018

AI

The property involved in this closed transaction is a multifamily asset located at 41-55 Case Street in Elmhurst, Queens NY. The property spans a total of 16,880 square feet and was sold for a price of $4,500,000, resulting in a price per square foot of $266.

Summary of transaction details

  • Property Type: Multifamily
  • Sale Price: $4,500,000
  • Square Footage: 16,880 SF
  • Price per Square Foot: $266
  • Address: 41-55 Case Street, Elmhurst, Queens NY
  • Market: Elmhurst, Queens NY

The seller in this transaction was Ryan Perkoski, who can be found on Twitter at @rprnyc. The buyer of the property was Barry Apelbaum. The brokers involved in the deal were RPR Ventures, represented by @rprnyc.

Players

Ryan Perkoski

Seller

$7.2M

vol

3 deals

Seller

Elmhurst MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93