Updated Sep 9, 2024
GFI Realty Services Sells 36-Unit Multifamily Building In Richmond Hill, Queens For $5.095M
86-21 112th St Richmond Hill, NY 11418, USA
$5,095,000
Units
36
Asset Type
MultiFamily
Closing
May 11, 2023
About this deal
AI
A 36-unit multifamily building located at 86-21 112th St in Richmond Hill, Queens has been sold for $5.095 million. The building, which was constructed in 1952, consists of 18 one-bedroom apartments and 18 two-bedroom apartments. It is conveniently situated near subway lines and commercial areas.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $5.095 million
- Units: 36
- Apartments: 18 one-bedroom, 18 two-bedroom
- Year Built: 1952
- Location: 86-21 112th St, Richmond Hill, NY 11418, USA
GFI Realty Services, a real estate brokerage firm, facilitated the sale of this multifamily building. The property is in close proximity to subway lines and commercial areas, making it an attractive investment.
On the Map
$5,095,000
MultiFamily
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New York MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93