Updated Dec 4, 2024
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
About this deal
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.
On the Map
$730,000
$475/SF
MultiFamily
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Queens 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