SOLD
Carlos Vizcarra & Jihra Gavilanes Acquire Multifamily Property In Hunter's Point, Queens For $1.6M
45-08 11th Street
MultiFamily
2,515 SF
2,515 SF
Sold 1 year ago
Summary
Sale
NEW YORK
MultiFamily
2,515 sqft
A multifamily property located at 45-08 11th Street in Hunter's Point, Queens, has been sold for a total of $1,600,000. The property consists of two units with a total square footage of 2,515, resulting in a price per square foot of $636. The units were delivered vacant, and the building had additional air rights for potential redevelopment.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Address: 45-08 11th Street, Hunter's Point, Queens
- Market: Hunter's Point, Queens
- Units: 2
- Price per Unit (PPU): $800,000
- Square Footage (SF): 2,515
- Price per Square Foot (PPSF): $636
The buyers of the property are Carlos Vizcarra and Jihra Gavilanes, while the sellers are Ray Palermo and Karen Eggleson. The deal was facilitated by brokers Derek Bestreich, Steve Reynolds, Tom Reynolds, and Henry Hill from Investment Property Realty Group (IPRG).
Players
All
5
Agents
4
Agencies
1
Details
SOLD
IMAGE: Tom Reynolds & Henry Hill
DATE: 11/02/2022
ADDRESS: 45-08 11th Street
MARKET: Hunter's Point, Queens
ASSET TYPE: Multifamily
BUYER: Carlos Vizcarra & Jihra Gavilanes
SELLER: Ray Palermo & Karen Eggleson
BROKERS: Derek Bestreich (@Dsb619), Steve Reynolds (@SteveReynoldsNYC), Tom Reynolds (@TomReynolds_CRE), & Henry Hill (@HenryHillCRE)- Investment Property Realty Group (IPRG) (@IPRG_NY)
SALE PRICE: $1,600,000
UNITS: 2 ~ PPU: $800,000
SF: 2,515 ~ PPSF: $636
NOTE FROM @IPRG_NY: Units Were Delivered Vacant; Building Had Additional Air Rights to Be Re-developed.View on map
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Address45-08 11th Street
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