Updated Dec 21, 2023
Alexandros Argyris Acquires Single Family Home In Douglaston, Queens For $3.6M
225 Park Lane, Queens, New York 11363, United States
$3,637,500
$683/SF
Building Size
5,324 SF
Asset Type
Single Family Residence
Closing
Feb 27, 2022
About this deal
AI
The single-family property located at 225 Park Lane in Douglaston, Queens, was recently sold in a transaction on February 28, 2022. The property is zoned as R1-2 and has a total building square footage (BSF) of 6,050 with a price per BSF of $601. The property itself spans 5,324 square feet, with a price per square foot (PPSF) of $683. The transaction was completed at a price of $3,637,500.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $3,637,500
- Market: Douglaston, Queens
- Zoning: R1-2
- Buyer: Alexandros Argyris
- Seller: Louis Ruggiero
- BSF: 6,050
- PPBSF: $601
- SF: 5,324
- PPSF: $683
The property has a floor area ratio (FAR) of 0.44 and a tax class of 1. It sits on a lot size of 12,100 square feet and previously sold for $1,355,000 on January 31, 2011. An alteration permit was issued on May 24, 2013, marked as Alteration 2. The lot dimensions measure 121 feet by 100 feet.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $683 per square foot on a published $3.6M for 5,324 square feet (2022).
Browse New York single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.36%
Cash-on-Cash
-1.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93