Syed Ali Purchases Multifamily Property At 86-45 78th Street From Cesar Garcia For $1M
86 45 78th Street
$1,000,000
$320/SF
Building Size
3,116 SF
Asset Type
MultiFamily
Closing
Feb 7, 2025
AI
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.
Players
Woodhaven MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93