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:
- Property Type: Multifamily
- Transaction Amount: $11,250,000
- Units: 66
- Price Per Unit: $170,455
- Square Footage: 64,932
- Price Per Square Foot: $173
- Seller: Miller Family
- Broker Representatives: Yosef Katz, Shlomo Antebi, Erik Yankelovich & Natan Safdieh - Atlas Realty Group
- Transaction Date: 09/26/2024
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
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