Tristan Liu Acquires Layton Street Property In Sale For $6.65M
4202 Layton Street, Queens, NY, USA
$6,650,000
$41/SF
Building Size
162,000 SF
Asset Type
MultiFamily
Closing
Jul 18, 2018
AI
Tristan Liu has purchased the property at 4202-4204 Layton Street in TYPE for a total price of $6,650,000. The property consists of 41 sponsor units and was sold by Layton Owners. The transaction took place on July 19, 2018. Laurence Ross from Highcap Group acted as the broker for the deal. The price per unit for the property is $162K.
Summary of transaction details:
- Property Type: TYPE
- Transaction Amount: $6,650,000
- Address: 4202-4204 Layton Street, TYPE
- Date: July 19, 2018
- Seller: Layton Owners
- Buyer: Tristan Liu
- Broker: Laurence Ross of Highcap Group
- Number of Units: 41 sponsor units
- Price Per Unit: $162K
Tristan Liu took the opportunity to acquire the property with the assistance of Laurence Ross from Highcap Group. The deal represents a significant investment in the TYPE market.
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
2.39%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93