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169-19 23rd Avenue, Queens,...

Updated Oct 28, 2024

Meng Yuan Wang & Wei Ye Acquire SFR In Whitestone For $1.12M
SOLDSingle Family Residence

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

Terry Faiz

Broker

$2.4M

vol

2 deals

Broker

New York Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $341 per square foot on a published $1.1M for 3,284 square feet (2022).

Visit Terry Faiz to view all their deals.

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

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