Updated Dec 4, 2024
Saiyan Zhao Acquires Multifamily Property In Maspeth, Queens For $1.115M
53-41 72nd Street
$1,115,000
$484/SF
Building Size
2,300 SF
Asset Type
MultiFamily
Closing
Oct 19, 2023
About this deal
AI
The multifamily property located at 53-41 72nd Street in Maspeth, Queens has been sold in a recent transaction. The property consists of 2 units with a total square footage of 2,300. The sale price for this transaction was $1,115,000, resulting in a price per unit of $557,500. The price per square foot for this property is $485.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,115,000
- Units: 2
- Price Per Unit: $557,500
- Square Footage: 2,300
- Price Per Square Foot: $485
Cushman & Wakefield represented both the buyer, Saiyan Zhao, and the seller, Estate Of Edward Zelezny, in this transaction. The brokers involved in this deal were Michael Gembecki, Nick Kolbus, and Dylan Walsh.
Players
Maspeth MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.23%
Cash-on-Cash
-4.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93