Updated Sep 5, 2024
Emma Barattini Acquires Multifamily Property In Glendale, Queens For $1.22M
72-45 60th Ln Queens, NY 11385, USA
$1,220,000
$350/SF
Building Size
3,484 SF
Asset Type
MultiFamily
Closing
Aug 21, 2023
About this deal
AI
The multifamily property located at 72-45 60th Lane in Glendale, Queens, was recently sold for a total of $1,220,000. The property consists of 4 units, with a price per unit of $305,000. The total square footage of the property is 3,484, resulting in a price per square foot of $350. The sale transaction took place on 08/21/2023.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,220,000
- Units: 4
- Price per Unit: $305,000
- Square Footage: 3,484
- Price per Square Foot: $350
- Address: 72-45 60th Lane, Glendale, Queens
- Market: Glendale, Queens
The buyer of the property is Emma Barattini, while the seller is Branko Lakicevic. The broker involved in the transaction is Daniel Barcelowsky from Evergreen Realty & Investments. The attorney representing the parties is David Lachtman.
Market 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
13.00%
Cash-on-Cash
-3.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93