SOLDMultiFamily
HF Capital Acquires 44-Unit Multifamily Building From Miller & Miller Real Estate For $11.5M
72-25 Austin Street
$11,500,000
$235/SF
Building Size
48,780 SF
Asset Type
MultiFamily
Closing
Jul 28, 2026
AI
The property asset involved in the transaction is a multi-family residential elevator building located at 72-25 Austin Street in Forest Hills, Queens. The sale price was $11,500,000 for the property, which comprises 48,780 square feet and includes 44 residential units, resulting in a price per square foot of $236 and a price per unit of $261,364.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $11,500,000
- Address: 72-25 Austin Street
- Market: Forest Hills, Queens
- Square Footage: 48,780
- Price per Square Foot: $236
- Units: 44
- Price per Unit: $261,364
- Buyer: HF Capital
- Seller: Robert L. Miller - Miller & Miller Real Estate
HF Capital completed the acquisition of the property from Miller & Miller Real Estate, facilitating the transfer of ownership for this 44-unit residential building.
Players
Forest Hills 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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93