SOLD
Myles Horn Acquires Bulk Condo Package In Queens For $1.85M
40-35 Ithaca Street
10,890 SF
Sold 1 year ago
Summary
Sale
NEW YORK
10,890 sqft
A bulk condo package in Queens, Elmhurst has been sold for $1,850,000. The property, located at 40-35 Ithaca Street, consists of 13 units with a total square footage of 10,890. The price per unit comes out to be $142,307, and the price per square foot is $170. The sale was completed on September 17, 2019.
Summary of transaction details
- Property Type: Bulk Condo Package
- Transaction Amount: $1,850,000
- Address: 40-35 Ithaca Street, Queens, Elmhurst
- Market: Queens, Elmhurst
- Units: 13
- Price per Unit: $142,307
- Price per Square Foot: $170
- Sale Date: September 17, 2019
The buyer of this property is Myles Horn, while Rich Nussbaum served as the seller. The transaction was facilitated by Robert Shapiro, Jordan Sutton, Stephen R. Preuss, and Kevin Louie from Team Preuss and Cushman & Wakefield. It is worth noting that all the units in this bulk condo package are currently occupied and fall under rent stabilization.
Players
All
6
Agents
4
Agencies
2
Details
SOLD
IMAGE: Robert Shapiro, Jordan Sutton, Stephen R. Preuss & Kevin Louie
DATE: 09/17/2019
ADDRESS: 40-35 Ithaca Street
MARKET: Queens, Elmhurst
ASSET TYPE: Bulk Condo Package
SELLER: Rich Nussbaum
BUYER: Myles Horn
BROKERS: Robert Shapiro, Jordan Sutton, Stephen R. Preuss & Kevin Louie @teampreuss @cushwake
SALE PRICE: $1,850,000
UNITS: 13 ~ PPU: $142,307
PPSF: $170 ~ SF: 10,890
CAP RATE: “1%
NOTE: All units are Rent Stabilized and occupied.View on map
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Address40-35 Ithaca Street
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