Mohamed Hussein Acquires Multifamily Property In Queens For $730K
SOLD
$730,000
New York
See Similar DealsMultiFamily1,536 SF
Sold
SOLD
Mohamed Hussein Acquires Multifamily Property In Queens For $730K
93-55 204th Street
See Similar DealsMultiFamily1,536 SF
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$475
Total Square Footage:1536 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$38,933.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,593.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,460.57
Annual Debt Service$41,526.87
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