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41 Manor Court, Staten Isla...

Erion Qoku & Annette Ohman Acquire Multifamily Property In Staten Island For $760K
SOLDMultiFamily

Erion Qoku & Annette Ohman Acquire Multifamily Property In Staten Island For $760K

41 Manor Court, Staten Island, NY 10306

$760,000

$76/SF

Building Size

10,000 SF

Asset Type

MultiFamily

Closing

Aug 30, 2021

AI

Located at 41 Manor Ct. in Staten Island, this multifamily property was recently sold in a transaction facilitated by Erion Qoku & Annette Ohman as the buyers and Deutsche Bank as the seller. The deal was finalized on 08/30/2021.

Summary of transation details

  • Property Type: Multifamily
  • Sale Price: $760,000
  • Buyer: Erion Qoku & Annette Ohman
  • Seller: Deutsche Bank
  • Buyer's Representative: Erion Qoku & Annette Ohman - Dream Real Estate Services LLC
  • Seller's Representative: RealHome Services & Solutions Inc.
  • Address: 41 Manor Ct.
  • Market: Staten Island
  • Building Square Footage: 5,000
  • Price per Square Foot: $152
  • Lot Size: 10,000 square feet
  • Price per Square Foot (Lot): $76

This transaction involved a legal 3-family home situated on a 10,000 square feet lot, which was acquired through an auction. Despite the neighborhood being zoned for single-family homes, the property's grandfathered status as a 3-family dwelling added to its allure. The buyers expressed their satisfaction with the deal and extended their gratitude to Ariso Capital for providing financing. Dream Real Estate Services LLC, the representative for the buyers, not only assists clients with their real estate needs but is also actively seeking value-add deals.

For more information or to propose value-add deals, please contact Dream Real Estate Services LLC at [email protected].

"The Dream is free...the hustle is sold separately."

Players

Erion Qoku

Broker

$760K

vol

1 deal

Broker
Deutsche Bank
Deutsche BankSeller
Deutsche Bank
Deutsche BankLender

New York 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

20.87%

Cash-on-Cash

-5.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93