BOSFA Properties Acquires 18-Unit Multifamily In Long Island For $3.55M
SOLD
$3,550,000
New York
See Similar DealsMultiFamily25,800 SF
Sold 01/13/2022
SOLD
BOSFA Properties Acquires 18-Unit Multifamily In Long Island For $3.55M
839 Prospect Avenue, Westbury, New York 11590, United States
See Similar DealsMultiFamily25,800 SF
Sold 01/13/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$137
Total Square Footage:25,800 SF
Transaction Type:Sale
A multifamily property located at 839 Prospect Westbury in Long Island has been sold. The property, spanning across 25,800 square feet, consists of 18 units. The sale took place on January 13, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $3,550,000
- Units: 18
- Price per Unit: $197,222
- Square Footage: 25,800
- Price per Square Foot: $137
- Market: Long Island
The buyer of this property is BOSFA Properties, represented by Aron Goldstein and Daniel Goldstein. The transaction was facilitated by broker Peter Wolf.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$189,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,612.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,828.81
Annual Debt Service$201,945.73
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