Updated Oct 28, 2024
Meng Yuan Wang & Wei Ye Acquire SFR In Whitestone For $1.12M
169-19 23rd Avenue, Queens, New York 11357, United States
$1,120,000
$341/SF
Building Size
3,284 SF
Asset Type
Single Family Residence
Closing
Apr 26, 2022
About this deal
AI
An SFR located at 169-19 23rd Ave. in Whitestone was recently sold for $1,120,000. The property spans 3,284 square feet, resulting in a price per square foot of $344.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $1,120,000
- Address: 169-19 23rd Ave.
- Market: Whitestone
The buyer, Meng Yuan Wang and Wei Ye, purchased the property from TITAN Contracting Corp., represented by Mohammed Salehuddin Azad. The transaction was facilitated by broker Terry Faiz, who works for Halal Fix & Flip. It is worth noting that Halal Fix & Flip is a platform that provides investors with the opportunity to build wealth through nationwide Islamic bridge finance in the United States.
For sellers who have distressed 1-4 unit properties in the NYC area, Terry Faiz can be contacted directly at [email protected]. The budget for these properties ranges from $500,000 to $2 million.
Players
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
14.16%
Cash-on-Cash
-4.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93