facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

85-29 114th Street

Dimitris Vattes Sells MultiFamily Property In Richmond Hill For $3.2M
SOLDMultiFamily

Dimitris Vattes Sells MultiFamily Property In Richmond Hill For $3.2M

85-29 114th Street

$3,200,000

$196/SF

Building Size

16,281 SF

Asset Type

MultiFamily

Closing

Sep 12, 2023

AI

The recently sold property in Richmond Hill at 85-29 114th Street is a multifamily asset consisting of 16 units. The property was sold by Dimitris Vattes for a price of $3,200,000, resulting in a per unit price of $200,000. The total square footage of the property is 16,281, making the price per square foot $197. Located in the Richmond Hill market, this multifamily property offers a lucrative investment opportunity.

Summary of transaction details

The sale of this multifamily property was facilitated by Yosef Katz, Shlomo Antebi, Erik Yankelovich, and Elli Khafizov from Atlas Realty Group. Their expertise and negotiation skills played a significant role in the successful completion of this transaction. This sale demonstrates the strong presence of Atlas Realty Group in the Richmond Hill market, showcasing their ability to handle multimillion-dollar deals with utmost professionalism.

Players

Elli Khafizov

Atlas Realty Group

Broker

$52.4M

vol

11 deals

Broker
Dimitris Vattes

Dimitris Vattes

Seller

$36.7M

vol

7 deals

Seller

Richmond Hill 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

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93