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99-16 63rd Avenue, Queens, ...

David Tamayev Acquires 3-Unit Multifamily In Rego Park, Queens For $1.995M
SOLDMultiFamily

David Tamayev Acquires 3-Unit Multifamily In Rego Park, Queens For $1.995M

99-16 63rd Avenue, Queens, New York 11374, United States

$1,995,000

$744/SF

Building Size

2,680 SF

Asset Type

MultiFamily

Closing

Apr 6, 2022

AI

Located at 99-16 63rd Ave. in Rego Park, Queens, this multifamily property was recently sold at a price of $1,995,000. The transaction took place on 04/07/2022. The property comprises 3 units with a total square footage of 2,680. The price per unit is approximately $665,000, and the price per square foot is around $744.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,995,000
  • Date: 04/07/2022
  • Address: 99-16 63rd Ave.
  • Market: Rego Park, Queens

The buyer of this property is David Tamayev, while the seller is Igor Shalamov. Mark Akilov from Asset Commercial Realty Group represented both parties as the broker in this transaction.

Players

Mark Akilov

Asset CRG Advisors

Broker

$19M

vol

13 deals

Broker

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

7.95%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93