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
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