Perry Nathanail Acquires Long Island City Multifamily For $1.4M
34 11 43rd St, Long Island City, Ny 11101, Usa
$1,412,500
$35/SF
Building Size
39,300 SF
Asset Type
MultiFamily
Closing
Nov 4, 2019
AI
A multifamily property located at 3411 43rd Street in Long Island City, Queens has been sold. The property consists of 6 units with a total square footage of 3,930. The sale price for the property was $1,412,500, resulting in a price per square foot of $359. The seller of the property was Ourania Mesiskli, while the buyer was Perry Nathanail.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,412,500
- Square Footage: 3,930
- Price per Square Foot: $359
- Units: 6
- Price per Unit: $235,416
- Market: Long Island City, Queens
The brokers involved in the transaction were Paul Youssef, Matt Fotis, and Zac Golub from Marcus & Millichap.
Players
Long Island City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.23%
Cash-on-Cash
-3.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93