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48-11 45th Street
SOLD

Ink Property Group Acquires Multifamily Property In Long Island City For $6.3M

48-11 45th Street

MultiFamily
16,400 SF
clock iconSold 1 year ago
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Summary

Sale
NEW YORK
MultiFamily
16,400 sqft

Located at 48-11 45th Street in New York's Long Island City, this multifamily property has been sold in a closed transaction. The property consists of 23 units with an average price per unit of $270,000, resulting in a total sale price of $6,300,000. The property has a 4.75% capitalization rate, making it an attractive investment opportunity.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,300,000
  • Number of Units: 23
  • Price Per Unit: $270,000
  • Capitalization Rate: 4.75%

The property was sold by Peter Chin and the buyer is Ink Property Group, represented by Eden Ashourzadeh and Alex Kahen. The transaction was facilitated in-house by Ryan Kaydanian, who sourced the brokers for the deal.

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Ryan Kaydanian
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Details

Deal Summary
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SOLD
IMAGE: Ryan Kaydanian, Eden Ashourzadeh (@EdenAsahourzadeh) and Alex Kahen (@AlexKahen) DATE: 04/25/2018 ADDRESS: 48-11 45th Street CITY: NewYork MARKET: LongIslandCity ASSET TYPE: Multifamily PRICE: $6,300,000 UNITS: 23 PPU: $270,000 CAP RATE: 4.75% SELLER: Peter Chin BUYER: Ink Property Group – Eden Ashourzadeh and Alex Kahen BROKERS: Sourced in house by Ryan Kaydanian

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Address48-11 45th Street

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