Bo Xian Acquires Multifamily Property In Woodhaven For $1.44M
SOLD
$1,440,000
New York
See Similar DealsMultiFamily3,000 SF
Sold 05/05/2022
SOLD
Bo Xian Acquires Multifamily Property In Woodhaven For $1.44M
75-04 88th Avenue, Queens, New York 11421, United States
See Similar DealsMultiFamily3,000 SF
Sold 05/05/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$480
Total Square Footage:3,000 SF
Transaction Type:Sale
Located at 75-04 88th Ave in Woodhaven, this property is a multifamily asset with 2 units and a total of 3,000 square feet. The sale was completed on 05/05/2022, with a sale price of $1,440,000. The per unit price was $720,000, and the price per square foot was $480. The buyer, Bo Xian, acquired the property from Kingsland Properties, with the deal facilitated by brokers Ali Rashid and Sultan Rashid from Kingsland Properties.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,440,000
- Units: 2
- PPU: $720,000
- Square Footage: 3,000
- PPSF: $480
- Market: Woodhaven
- Buyer: Bo Xian
- Seller: Kingsland Properties
- Brokers: Ali Rashid & Sultan Rashid - Kingsland Properties
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$76,800.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,116.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,826.33
Annual Debt Service$81,916.02
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