Updated Oct 28, 2024
Realty Capital New York Acquires Multifamily Property In Queens Village For $475K
97-32 221st Street, Queens, New York 11429, United States
$475,000
$436/SF
Building Size
1,088 SF
Asset Type
MultiFamily
Closing
Mar 17, 2022
About this deal
AI
Located in Queens Village, the multifamily property at 97-32 221st Street has been sold in a recent transaction. The property spans 1,088 square feet and was sold for a price of $475,000, resulting in a price per square foot of $436. The buyer, Realty Capital New York represented by Eric Delafraz, acquired the property from the seller, Elise Pierre.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $475,000
- Address: 97-32 221st Street, Queens Village
- Market: Queens Village
Realty Capital New York, represented by Eric Delafraz, specializes in seeking development, value-add, and free market multifamily properties in New York, Texas, North Carolina, and Florida, with a budget of up to $15 million. For potential deals or inquiries, contact Eric at [email protected].
Players
New York 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
33.40%
Cash-on-Cash
-9.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93