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166 Beach 148th Street, Que...

Emanuel Neuman Acquires Single Family Property In Neponsit, Queens For $3M
SOLDSingle Family Residence

Emanuel Neuman Acquires Single Family Property In Neponsit, Queens For $3M

166 Beach 148th Street, Queens, New York 11694, United States

$3,000,000

$914/SF

Building Size

3,280 SF

Asset Type

Single Family Residence

Closing

May 11, 2022

AI

The single-family property located at 166 Beach 148 Street in Neponsit, Queens has been sold for a price of $3,000,000. The property is zoned as R1-2 and has a building square footage (BSF) of 4,000. The price per BSF is $750. The property itself spans across 3,280 square feet and has a price per square foot (PPSF) of $914. The lot size is 8,000 square feet, with dimensions of 80 ft x 100 ft. The previous sale of this property took place on November 25, 2019, for a price of $1,670,000. An alteration permit was obtained on April 28, 2020. The property falls under tax class 1 and has a floor area ratio (FAR) of 0.41.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $3,000,000
  • Address: 166 Beach 148 Street, Neponsit, Queens
  • Market: Neponsit, Queens
  • Zoning: R1-2
  • BSF: 4,000
  • PPBSF: $750
  • SF: 3,280
  • PPSF: $914
  • Lot Size: 8,000
  • Last Sale Price: $1,670,000 (11/25/2019)
  • Permits: Alteration 2 (04/28/2020)
  • Lot Dimension: 80 ft x 100 ft

The buyer of the property is Emanuel Neuman and the seller is Emily Cohen.

Players

Emanuel Neuman

Partners

Buyer

$35.4M

vol

3 deals

Buyer

New York Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93