Updated Dec 21, 2023
Richard Birrer Acquires Sunnyside Multifamily For $3.075M
45-42 40th St #40, Queens, NY 11104, USA
$3,075,000
$41/SF
Building Size
73,680 SF
Asset Type
MultiFamily
Closing
Dec 2, 2019
About this deal
AI
The multifamily property located at 45-40 and 45-42 40th Street in Sunnyside, Queens, was recently sold in a closed transaction. The property consists of 13 units and offers a total of 7,368 square feet of space. The asking price for the property was $3,200,000, and it was eventually sold for $3,075,000. The price per square foot for this transaction was $417, while the price per unit was $236,538.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,075,000
- Address: 45-40 and 45-42 40th Street, Sunnyside, Queens
- Market: Sunnyside, Queens
- Square Footage: 7,368
- Asking Price: $3,200,000
- Price per Square Foot: $417
- Units: 13
- Price per Unit: $236,538
The seller of the property was Ric McClain, and the buyer was Richard Birrer. The transaction was facilitated by brokers Shaun Riney and Dylan Walsh from Marcus & Millichap.
Players
Sunnyside MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Shaun Riney to view all their deals.
Browse Sunnyside multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.16%
Cash-on-Cash
-1.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93