@PeakCapitalRE And @DavidGomezNYC Acquire Multifamily Property In Sunnyside, Queens For $1.785M
SOLD
$1,785,000
+ 2
New York
See Similar DealsMultiFamily50,000 SF
Sold 05/24/2019
SOLD
@PeakCapitalRE And @DavidGomezNYC Acquire Multifamily Property In Sunnyside, Queens For $1.785M
48-36 41st St, Long Island City, NY 11104, USA
See Similar DealsMultiFamily50,000 SF
Sold 05/24/2019
+ 2
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$35
Total Square Footage:50,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$95,200.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,341.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,461.81
Annual Debt Service$101,541.73
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