Updated Oct 29, 2024
SJS Management Sells Multifamily Asset In Rego Park For $12.6M
62-82 Saunders Street, Rego Park, Queens, NY, USA
$12,600,000
$182/SF
Building Size
69,000 SF
Asset Type
MultiFamily
Closing
Dec 27, 2020
About this deal
AI
An investment property located at 62-82 Saunders Street in Rego Park has been sold for $12,600,000. The property is a multifamily asset with a total of 60 units, consisting of 56 rent-stabilized units and 4 free-market units. The building spans a total area of 69,000 square feet, with a price per square foot of $182. The sale was completed by SJS Management. The brokers involved in the transaction were Guthrie Garvin, Brendan Maddigan, Solomon Michailow, and Jack Norton from JLL.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,600,000
- Address: 62-82 Saunders Street
- Market: Rego Park
- Units: 60 (56 RS, 4 FM)
- Price Per Unit: $210,000
- Square Feet: 69,000
- Price Per Square Foot: $182
Guthrie Garvin, Brendan Maddigan, Solomon Michailow, and Jack Norton from JLL represented SJS Management in the sale of this property.
Players
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.26%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93