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Amy Li Acquires 6-Unit Multifamily In Long Island City For $1.5M

Property Image
SOLD
$1,500,000

New York

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MultiFamily3,900 SF
Sold 07/22/2022
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Property Image
SOLD

Amy Li Acquires 6-Unit Multifamily In Long Island City For $1.5M

5-43 47th Road

See Similar Deals
MultiFamily3,900 SF
Sold 07/22/2022
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$384
Total Square Footage:3,900 SF
Transaction Type:Sale

A multifamily property located at 543 47th Rd. in Long Island City has been sold for $1,500,000. The property consists of 6 units, with a price per unit of $250,000. The total square footage of the property is 3,900, resulting in a price per square foot of $384. The capitalization rate for the property is 4.7%, fully rented and stabilized.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,500,000
  • Units: 6
  • Price Per Unit: $250,000
  • Square Footage: 3,900
  • Price Per Square Foot: $384
  • Capitalization Rate: 4.7%
  • Market: Long Island City

The buyer of the property is Amy Li, while the seller is Fengping Yang. The transaction was facilitated by Lina Shi from S10 Realty Group LLC, representing both the buyer and seller.

Players

Lina Shi
S10 Realty Group
Lina Shi
9 deals$19.9M volume
BROKER

Details

SOLD
IMAGE: Lina Shi DATE: 07/22/2022 ADDRESS: 543 47th Rd. MARKET: Long Island City ASSET TYPE: Multifamily BUYER: Amy Li SELLER: Fengping Yang BROKER: Lina Shi (@Linashi_Broker) - S10 Realty Group LLC SALE PRICE: $1,500,000 UNITS: 6 ~ PPU: $250,000 SF: 3,900 ~ PPSF: $384 CAP: 4.7% Fully RS

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$79,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18