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75-37 60th Lane

MAra Stan Acquires MultiFamily Property On 75-37 60th Lane In New York City For $1M
SOLDMultiFamily

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

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.

Players

Daniel Barcelowsky

Evergreen Realty & Investments

Broker

$83.9M

vol

52 deals

Broker

Glendale MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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