Syed Ali Purchases Multifamily Property At 86-45 78th Street From Cesar Garcia For $1M
SOLD
$1,000,000
New York
See Similar DealsMultiFamily3,116 SF
Sold 02/07/2025
SOLD
Syed Ali Purchases Multifamily Property At 86-45 78th Street From Cesar Garcia For $1M
86 45 78th Street
See Similar DealsMultiFamily3,116 SF
Sold 02/07/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$320
Total Square Footage:3,116 SF
Transaction Type:Sale
The property involved in this transaction is a multifamily asset located at 86-45 78th Street in the Jamaica market. The sale price for this asset was $1,000,000, and it has a total square footage of 3,116, resulting in a price per square foot of $320.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Address: 86-45 78th Street
- Market: Jamaica
- Square Footage: 3,116
- Price per Square Foot: $320
- Buyer: Syed Ali
- Seller: Cesar Garcia
- Brokers: Dylan Walsh, Nick Kolbus & Kieran Baker - Cushman & Wakefield
The transaction involved key individuals including Syed Ali as the buyer and Cesar Garcia as the seller, with representation from brokers Dylan Walsh, Nick Kolbus, and Kieran Baker of Cushman & Wakefield, facilitating the deal effectively.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12
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