Christina DeCurtis & Danny Li Of Modern Spaces Facilitate $18,443,000 Sale Of Multifamily In Hunters Point
SOLD
New York
See Similar DealsMultiFamily40,983 SF
Sold 03/22/2024
SOLD
Christina DeCurtis & Danny Li Of Modern Spaces Facilitate $18,443,000 Sale Of Multifamily In Hunters Point
5-13 47th Road, 5-15 47th Road & 5-17 47th Road
See Similar DealsMultiFamily40,983 SF
Sold 03/22/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$450
Total Square Footage:40,983 SF
Transaction Type:Sale
The multifamily property located at 5-13 47th Road, 5-15 47th Road & 5-17 47th Road in Hunters Point, Queens, was sold for $18,443,000. The property consists of 13 units with a total square footage of 13,661, equating to a price per unit of $1,418,692 and a price per square foot of $1,350.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $18,443,000
- Units: 13
- Price per Unit: $1,418,692
- Square Footage: 13,661
- Price per Square Foot: $1,350
- Address: 5-13 47th Road, 5-15 47th Road & 5-17 47th Road, Hunters Point, Queens
Christina DeCurtis and Danny Li from Modern Spaces represented the parties in this transaction, showcasing their expertise in the real estate market of Hunters Point, Queens.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$983,626.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$65,524.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$87,429.23
Annual Debt Service$1,049,150.75
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