Updated Dec 20, 2023
Ivan Turkalj Acquires Sunnyside Multifamily For $6.7M From Sotirios Econopouly
43-09 52nd Street, Queens, New York 11377, United States
$6,700,000
$829/SF
Building Size
8,076 SF
Asset Type
MultiFamily
Closing
Jul 26, 2022
About this deal
AI
The multifamily property located at 43-09 52nd Street in Sunnyside has been sold for $6,700,000. The transaction took place on July 27, 2022, and involved 11 units. With a price per unit of $609,090, the property spans 8,076 square feet, resulting in a price per square foot of $829.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $6,700,000
- Address: 43-09 52nd Street
- Market: Sunnyside
- Buyer: Ivan Turkalj
- Seller: Sotirios Econopouly
- Units: 11
- Price Per Unit: $609,090
- Square Feet: 8,076
- Price Per Square Foot: $829
Ivan Turkalj served as the buyer in the transaction, while Sotirios Econopouly acted as the seller. This successful deal showcases the involvement of these key individuals in the real estate market.
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
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93