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
Elmhurst 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93