Harry Otterman Acquires 6-Unit Multi-Family Property In Jackson Heights For $1.65M
35-15 72nd Street, Jackson Heights
MultiFamily
4,860 SF
4,860 SF
Summary
The multi-family property located at 35-15 72nd Street, Jackson Heights in Queens, New York, has been sold. The property consists of 6 units, with 3 of them delivered vacant. The total square footage of the property is 4,860, with a price per square foot of $340. The transaction took place on July 18, 2018, with a selling price of $1,650,000. The price per unit (PPU) was $275,000, and the capitalization rate (CAP) was 1%.
Summary of transaction details
- Property Type: Multi-Family
- Transaction Amount: $1,650,000
- Units: 6 (3 Delivered Vacant)
- Price Per Unit: $275,000
- Square Footage: 4,860
- Price per Square Foot: $340
- Seller: Kathy NG
- Buyer: Harry Otterman
- Broker: Stephen R. Preuss of Cushman & Wakefield
Stephen R. Preuss of Cushman & Wakefield facilitated the transaction as the broker. Both the seller, Kathy NG, and the buyer, Harry Otterman, were represented by Stephen R. Preuss.
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35-15 72nd Street, Jackson Heights
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