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78-13 79th St Queens, NY 11...

Kash Realty Acquires SFR In New York City For $568K With Coldwell Banker & United Realty Group
SOLDSingle Family Residence

Kash Realty Acquires SFR In New York City For $568K With Coldwell Banker & United Realty Group

78-13 79th St Queens, NY 11385, USA

$568,000

$442/SF

Building Size

1,284 SF

Asset Type

Single Family Residence

Closing

Apr 26, 2023

AI

Kash Realty, represented by Max Kashani and Neda Kashani, has purchased a single-family home located at 78-13 79th Street in New York City. The property, boasting a total area of 1,284 square feet, was sold for $568,000, resulting in a price per square foot of $442.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $568,000
  • Address: 78-13 79th Street
  • Market: New York City

The buyer's representatives in this transaction were Joel Goodrich from Coldwell Banker and Joe Marinari from United Realty Group.

As per the note provided by the buyer, Kash Realty is actively looking to purchase distressed single to four-family homes in Bronx, Queens, Westchester, and Long Island. They also express interest in acquiring free-market multifamily properties with 10-100 units in New York (Westchester, Upstate), New Jersey, and Connecticut. In addition, interested parties are invited to contact Mazyar Kashani at (516) 317-0941 or Neda Kashani at (516) 423-1633, or email [email protected].

Players

Joe Marinari

United Realty Group

Broker

$4M

vol

2 deals

Broker
KR
Kash RealtyBuyer

Max Kashani

Kash Realty

Buyer

$1.8M

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

27.93%

Cash-on-Cash

-7.98%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93