Updated Sep 5, 2024
Atlas Realty Group Brokers Sell Flushing Multifamily For $14.82M
42 155th St, Flushing, NY 11355
$14,820,000
$251/SF
Building Size
58,840 SF
Asset Type
MultiFamily
Closing
Jan 24, 2023
About this deal
AI
A multifamily property located at 42-41 155th Ave., 42-45 155th St., 41-04 159th St., 41-08 159th St., and 160-04 Sanford Ave. in Flushing, Queens, has been sold for a total price of $14,820,000. The property consists of 78 units with an average price per unit of $190,000. It spans a total of 58,840 square feet, resulting in an average price per square foot of $252.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $14,820,000
- Units: 78
- Price per Unit: $190,000
- Square Footage: 58,840
- Price per Square Foot: $252
The sellers of the property were the Sbuttoni Family. The deal was facilitated by Shlomo Antebi, Erik Yankelovich, and Yosef Katz from Atlas Realty Group, who acted as the brokers in the transaction.
Players
Market 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
1.07%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93