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42-04 Saull St, Flushing, N...

Leonor Daza Acquires Multifamily Property On Saull Street, Flushing For $10.5M
SOLDMultiFamily

Leonor Daza Acquires Multifamily Property On Saull Street, Flushing For $10.5M

42-04 Saull St, Flushing, NY 11355, USA

Building Size

348,070 SF

Asset Type

MultiFamily

Closing

May 31, 2018

AI

A multifamily property located at 42-04 Saull Street in Flushing, New York has been sold in a closed transaction. The property spans 34,807 square feet and consists of 35 units. The sale price for the property was $10,500,000, resulting in a price per square foot of $301.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $10,500,000
  • Square Footage: 34,807sf
  • Price per Square Foot: $301
  • Address: 42-04 Saull Street, New York
  • Market: Flushing
  • Seller: Rockfarmer Properties - Gregory Michelis, George Michelis, and John Petras
  • Buyer: Leonor Daza
  • Broker: @RosewoodRealtyGroupNY - Ben Khakshoor (@benkhak)

The sale was facilitated by the brokerage firm Rosewood Realty Group, with Ben Khakshoor representing the seller, Rockfarmer Properties. The transaction marks a successful closing for all parties involved.

Players

Ben Khakshoor

Rosewood Realty Group

Broker

$1.9B

vol

135 deals

Broker
RP
Rockfarmer PropertiesSeller
John Petras

John Petras

Rockfarmer Properties

Seller

$11.8M

vol

4 deals

Seller

New York 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93