@PeakCapitalRE And @DavidGomezNYC Acquire Multifamily Property In Sunnyside, Queens For $1.785M
48-36 41st St, Long Island City, NY 11104, USA
$1,785,000
$35/SF
Building Size
50,000 SF
Asset Type
MultiFamily
Closing
May 23, 2019
AI
The multifamily property located at 48-36 41st Street in Sunnyside, Queens, was initially listed with an asking price of $2,000,000. The final sale price was recorded at $1,785,000, with a total square footage of 5,000, resulting in a price per square foot of $357.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,785,000
- Address: 48-36 41st Street
- Market: Sunnyside, Queens
- Asking Price: $2,000,000
- Square Footage: 5,000
- Price per Square Foot: $357
- Seller: Tony Cancaro
- Buyer: Peak Capital, David Gomez
- Brokers: Peter Von Der Ahe, Dylan Walsh, Shaun Riney, Max Belinsky
The deal saw representation from brokers Peter Von Der Ahe, Dylan Walsh, Shaun Riney, and Max Belinsky, who facilitated the transaction, showcasing their expertise in navigating the multifamily market in Queens.
Players
Sunnyside MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.89%
Cash-on-Cash
-2.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93