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65-60 Booth Street

Miller Family Sells Multifamily Property At 65-60 Booth Street Rego Park For $11.25M
SOLDMultiFamily

Miller Family Sells Multifamily Property At 65-60 Booth Street Rego Park For $11.25M

65-60 Booth Street

$11,250,000

$173/SF

Building Size

64,932 SF

Asset Type

MultiFamily

Closing

Sep 26, 2024

AI

The property asset involved in the transaction is located at 65-60 Booth Street in Rego Park. It is a multifamily property with a total of 66 units. The sale price for the asset was $11,250,000, which translates to a price per unit of $170,455. The total square footage of the property is 64,932, giving a price per square foot of $173.

Summary of transaction details:

The individuals involved in the transaction include the seller, the Miller Family, and the broker representatives from Atlas Realty Group, specifically Yosef Katz, Shlomo Antebi, Erik Yankelovich, and Natan Safdieh. Their expertise facilitated the closing of this multifamily property transaction.

Players

Natan Safdieh

Atlas Realty Group

Broker

$113.5M

vol

22 deals

Broker

Rego Park 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

1.41%

Cash-on-Cash

-0.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93