Robert Davoodzadeh Acquires Multifamily Property In Jamaica For $2.25M
SOLD
$2,250,000
New York
See Similar DealsMultiFamily13,000 SF
Sold 09/21/2021
SOLD
Robert Davoodzadeh Acquires Multifamily Property In Jamaica For $2.25M
9039 148th Street, Jamaica, NY 11435
See Similar DealsMultiFamily13,000 SF
Sold 09/21/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$173
Total Square Footage:13,000 SF
Transaction Type:Sale
A multifamily property located at 90-39 148th Street in Jamaica has been sold for $2,250,000. The property consists of 17 units with a price per unit of $132,352. The total square footage of the property is 13,000, with a price per square foot of $173. The transaction took place on September 21, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,250,000
- Address: 90-39 148th Street
- Market: Jamaica
- Units: 17
- Price per Unit: $132,352
- Total Square Footage: 13,000
- Price per Square Foot: $173
The buyer of the property is Robert Davoodzadeh, while the seller is Nicholas Genovese. The sale was facilitated by Matthew Kucker and Jordan Baruch of Colliers International.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$120,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77
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