Updated Dec 20, 2023
Rashmi Ambewadikar Acquires Multifamily Property In Corona For $1.168M
9615 Alstyne Avenue, Corona, NY 11368, USA
$1,168,000
$584/SF
Building Size
2,000 SF
Asset Type
MultiFamily
Closing
Feb 13, 2019
About this deal
AI
The multifamily property located at 96-15 Alstyne Ave in Corona was recently sold for a price of $1,168,000. The property spans 2,000 square feet, resulting in a price per square foot of $840. This transaction took place on February 14, 2019.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,168,000
- Address: 96-15 Alstyne Ave
- Market: Corona
The seller of the property was Jessica Cobos, while the buyer was Rashmi Ambewadikar. The broker representing the deal was Michael A Cavounis from Mac Realty NY.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.58%
Cash-on-Cash
-3.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93