Jun Wu Acquires Multifamily Property In Middle Village, Queens For $890K
60-16 76th Street, Queens, New York 11379, United States
$890,000
$494/SF
Building Size
1,800 SF
Asset Type
MultiFamily
Closing
May 3, 2022
AI
A multifamily property located at 60-16 76th St. in Middle Village, Queens was recently sold for $890,000. The property spans across 1,800 square feet, resulting in a price per square foot of $494. Joseph Jacobs of R New York represented both the buyer, Jun Wu, and the seller, Phil Masullo, in this transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $890,000
- Date: 05/04/2022
- Address: 60-16 76th St.
- Market: Middle Village, Queens
This transaction was facilitated by Joseph Jacobs and Fabiano Proa, both brokers from R New York. They successfully represented both parties involved in the sale of this multifamily property.
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
17.82%
Cash-on-Cash
-5.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93