Bronstein Properties Acquires Property From Michael M. Lee & Co For $20M With Amit Doshi's Representation
SOLD
$20,000,000
New York
See Similar DealsMultiFamily
Sold 08/18/2015
SOLD
Bronstein Properties Acquires Property From Michael M. Lee & Co For $20M With Amit Doshi's Representation
8405 108th St, Queens, NY, 11418
See Similar DealsMultiFamily
Sold 08/18/2015
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale
Two multifamily buildings located at 86-02 Park Lane South and 8405 108th St in Woodhaven, Queens, were acquired by Bronstein Properties. The total transaction price for the properties was $20,000,000.00. The properties are part of the Richmond Hill market with a square footage recorded at 0.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $20,000,000.00
- Buyer: Bronstein Properties
- Seller: Michael M. Lee & Co
- Buyer's Representative: Amit Doshi (Meridian Capital Group)
Amit Doshi acted as the sole broker in this transaction, representing the buyer, Bronstein Properties. The acquisition included two properties, enhancing Bronstein's portfolio in the multifamily housing sector.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,066,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$71,055.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,810.20
Annual Debt Service$1,137,722.44
Is there something missing? Send suggestions