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65 Booth Street

Victor Gjonaj Acquires Multifamily & Land In Rego Park, Queens For $9.2M
SOLDMultiFamily

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

Robert Miller

Grubb Properties

Broker

$100.2M

vol

6 deals

Broker
Robert Miller

Robert Miller

Grubb Properties

Seller

$100.2M

vol

6 deals

Seller

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