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56-30 61st St Queens, NY 11...

Uriel Dostov Acquires Multifamily Property On 61st Street In New York City For $1.15M
SOLDMultiFamily

Uriel Dostov Acquires Multifamily Property On 61st Street In New York City For $1.15M

56-30 61st St Queens, NY 11378, USA

$1,150,000

$340/SF

Building Size

3,375 SF

Asset Type

MultiFamily

Closing

May 22, 2023

AI

A multifamily property located at 56-30 61st Street in New York City has been sold in a recent transaction. The property consists of 5 units with a total square footage of 3,375. The sale price for this transaction was $1,150,000, resulting in a price per unit of $230,000. The price per square foot is calculated to be $341.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,150,000
  • Units: 5
  • Price Per Unit: $230,000
  • Total Square Footage: 3,375
  • Price Per Square Foot: $341

Uriel Dostov purchased the property from Mike Maciag. The deal was facilitated by the broker, Michael Ellis, from Modern Spaces.

Note: No additional information is available regarding this transaction.

Players

Michael Ellis

Modern Spaces

Broker

$4.4M

vol

2 deals

Broker

New York 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

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93