David Tamayev Acquires 3-Unit Multifamily In Rego Park, Queens For $1.995M
SOLD
$1,995,000
New York
See Similar DealsMultiFamily2,680 SF
Sold 04/07/2022
SOLD
David Tamayev Acquires 3-Unit Multifamily In Rego Park, Queens For $1.995M
99-16 63rd Avenue, Queens, New York 11374, United States
See Similar DealsMultiFamily2,680 SF
Sold 04/07/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$744
Total Square Footage:2,680 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,399.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,087.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,457.32
Annual Debt Service$113,487.81
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