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42 155th St, Flushing, NY 1...

Updated Sep 5, 2024

Atlas Realty Group Brokers Sell Flushing Multifamily For $14.82M
SOLDMultiFamily

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

Erik Yankelovich

Atlas Realty Group

Broker

$1.1B

vol

135 deals

Broker

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $251 per square foot on a published $14.8M for 58,840 square feet (2023).

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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

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