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64-19 155th St Queens, NY 1...

Hui Hua Zhang Acquires Multifamily In Queens, NY For $1.83M
SOLDMultiFamily

Hui Hua Zhang Acquires Multifamily In Queens, NY For $1.83M

64-19 155th St Queens, NY 11367, USA

$1,830,000

$924/SF

Building Size

1,980 SF

Asset Type

MultiFamily

Closing

Apr 24, 2023

AI

A multifamily property located at 64-19 155th Street in Queens, New York City has been sold for $1,830,000. The property consists of three units, with an average price per unit of $610,000. It spans across 1,980 square feet, resulting in a price per square foot of $924.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,830,000
  • Units: 3
  • Price per Unit: $610,000
  • Square Footage: 1,980
  • Price per Square Foot: $924
  • Address: 64-19 155th Street
  • Market: Queens, New York City

The buyer of the property is Hui Hua Zhang, while the seller is Stavros Maidis. Frank Ko from an undisclosed agency represented the interests of both buyer and seller in this transaction.

Players

Frank Ko

Broker

$19.6M

vol

14 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

8.67%

Cash-on-Cash

-2.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93