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
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