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4202 Layton Street, Queens,...

Tristan Liu Acquires Layton Street Property In Sale For $6.65M
SOLDMultiFamily

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.

Players

Laurence Ross

Compass

Broker

$6.7M

vol

1 deal

Broker

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