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Angelo Russo Acquires Multifamily Property In Elmhurst, Queens For $3.6M

41-05 94th Street
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This MultiFamily property located in NY was sold for $3,600,000 over 2 years ago. The broker of the deal was Rolfe Haas

A 4-story corner walk-up apartment building in Elmhurst, Queens has been sold for $3,600,000. The property, located at 41-05 94th Street, is a multifamily asset with a total area of 14,440 square feet. It consists of 19 residential units and also includes an income-producing T Mobile cell antenna. The sale price equates to a per square foot value of $249.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,600,000
  • Market: Elmhurst, Queens
  • Address: 41-05 94th Street
  • Asset Type: Multifamily
  • Zoning: R4

The buyer of the property is Angelo Russo, while Sebastian Manciameli is the seller. The transaction was facilitated by Rolfe Haas from BesenPartners. With a total of 19 residential units, the property achieves a price per unit of $189,473. Additionally, the gross rent multiplier (GRM) for the transaction is 11.0x, and the capitalization rate (CAP) is 5.2%.

For further details or a complimentary valuation, interested parties may reach out to Rolfe Haas at 646 905-5602 or [email protected].

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Deals
  • Location
    41-05 94th Street, Elmhurst, NY, 11373, USA41-05 94th Street, Elmhurst, NY, 11373, USA
  • Sale Price
    $3,600,000$3,600,000
    $249 PPSF$249 PPSF
  • Area
    14,440 SF14,440 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker1 Broker

Agent

Rolfe Haas

Rolfe Haas

Deals1
Sold$3.6M

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Deal Summary

SALE IMAGE: Rolfe Haas DATE: 11/23/2021 ADDRESS: 41-05 94th Street MARKET: Elmhurst, Queens ASSET TYPE: Multifamily ~ ZONING: R4 BUYER: Angelo Russo SELLER: Sebastian Manciameli BROKER: Rolfe Haas - @BesenPartners SALE PRICE: $3,600,000 SF: 14,440 ~ PPSF: $249 UNITS: 19 ~ PPU: $189,473 GRM: 11.0x ~ CAP: 5.2% NOTE FROM @BesenPartners: 4 ‐story corner walk up apartment building consists of 14 440 SF & 19 residential units, plus an income producing T Mobile cell antenna. Contact Rolfe Haas at 646 905-5602 or [email protected] for further details or a complimentary valuation.

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