Updated Dec 4, 2024
MAra Stan Acquires MultiFamily Property On 75-37 60th Lane In New York City For $1M
75-37 60th Lane
$1,000,000
$463/SF
Building Size
2,160 SF
Asset Type
MultiFamily
Closing
Oct 2, 2023
About this deal
AI
A MultiFamily property located at 75-37 60th Lane in New York City has been sold in a recent transaction. The property consists of 2 units with a total square footage of 2,160. The sale price for this property was $1,000,000, resulting in a per unit price of $500,000 and a price per square foot of $463.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,000,000
- Units: 2
- Price per Unit: $500,000
- Square Footage: 2,160
- Price per Square Foot: $463
Daniel Barcelowsky and Jamila Hageb, representatives from Evergreen Realty & Investments, were the brokers involved in this transaction. The buyer of the property is Mara Stan, while Lorraine Freund acted as the seller. The deal was facilitated by Daniel Barcelowsky and Jamila Hageb from Evergreen Realty & Investments.
On the Map
$1,000,000
$463/SF
MultiFamily
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Players
Glendale 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93