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90 36 144th Pl, Jamaica, Ny...

Anwar Asgar And Thierry Braham Acquire Multifamily Property In Jamaica, Queens
SOLDMultiFamily

Anwar Asgar And Thierry Braham Acquire Multifamily Property In Jamaica, Queens

90 36 144th Pl, Jamaica, Ny 11435, Usa

$1,400,000

$20/SF

Building Size

67,000 SF

Asset Type

MultiFamily

Closing

Jul 31, 2020

AI

Located at 9036 144th Place in Jamaica, Queens, this multifamily property was recently sold in a closed transaction. The property spans 6,700 square feet and has a building square footage (BSF) of 4,750. The sale price for this property was $1,400,000, leading to a price per square foot (PPSF) of $208. The price per BSF (PPBSF) comes out to be $294.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,400,000
  • Address: 9036 144th Place, Jamaica, Queens

The buyers involved in this transaction are Anwar Asgar, Thierry Braham, and Martine Moses. The deal was facilitated by the brokers Matt Fotis, Zac Golub, and Laz Apostolidis from Marcus & Millichap.

Players

Matt Fotis

Marcus & Millichap

Broker

$598M

vol

111 deals

Broker

Jamaica MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.33%

Cash-on-Cash

-3.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93