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93-55 204th Street

Mohamed Hussein Acquires Multifamily Property In Queens For $730K
SOLDMultiFamily

Mohamed Hussein Acquires Multifamily Property In Queens For $730K

93-55 204th Street

$730,000

$475/SF

Building Size

1,536 SF

Asset Type

MultiFamily

Closing

Oct 5, 2023

AI

A multifamily property located at 93-55 204th Street in Queens has been sold in a recent transaction. The property spans 1,536 square feet and was sold for a price of $730,000, resulting in a price per square foot of $475.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $730,000
  • Address: 93-55 204th Street
  • Market: Queens

Mohamed Hussein has purchased the property from the seller, David Group. Representing the seller in this transaction was Madan P. Surujpaul from Habitat Realty of New York.

Players

Madan P. Surujpaul

Habitat Realty of New York

Broker

$3M

vol

4 deals

Broker
G
GroupSeller

Hollis 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

21.73%

Cash-on-Cash

-6.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93