Victor Gjonaj Acquires Multifamily & Land In Rego Park, Queens For $9.2M
65 Booth Street, 84 Booth Street & 66th Avenue
$9,200,000
$48/SF
Building Size
190,872 SF
Asset Type
MultiFamily
Closing
Nov 28, 2023
AI
Victor Gjonaj, represented by the entity 65-84 Rego Park LLC, completed a $9.2 million acquisition of a 65-unit residential elevator building and a vacant parcel in Rego Park, Queens. The property is located at 65-84 Booth Street & 66th Avenue and spans an area of 63,624 square feet. The multifamily building offers a total building square footage of 67,076, with a price per square foot of $137. The sale price for the transaction was $9,200,000, resulting in a price per square foot of $145.
Summary of transaction details
- Property Type: Multifamily & Land
- Transaction Amount: $9,200,000
- Building Square Footage: 67,076
- Price per Building Square Foot: $137
- Parcel Size: 63,624 square feet
- Price per Square Foot: $145
The buyer, Victor Gjonaj, executed the purchase through 65-84 Rego Park LLC. The seller, Linda Sue Wolff and Robert L. Miller, conducted the transaction under their entity 65-84 Realty Co., LLC.
Players
Centralia 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
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93