www.crexi.com Open in urlscan Pro
54.71.53.110 Public Scan

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Submitted URL:
http://email-links.crexi.com/ls/click?upn=wWW-2F8ApqeYXF1sztMCr45QoLrc19QLa7y04Fa6B6wLHAFfVda6LhXKGpYR96bqRIwNCrIDDw460p6vskt...
Effective URL:
https://www.crexi.com/properties/750477/new-york-170-14-89-avenue?crexi_url_type=2&eblast_position=1&utm_source=market...
Submission: On March 16 via api (March 16th 2022, 4:42:55 pm UTC) from CH — Scanned from DE

Form analysis
3 forms found in the DOM

#

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<form _ngcontent-serverapp-c399="" novalidate="" id="request-info-form" class="ng-untouched ng-pristine ng-invalid" data-hs-cf-bound="true"><!----></form>

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              placeholder="Enter Purchase Price" class="form-control ng-untouched ng-pristine ng-valid"></div>
          <div _ngcontent-serverapp-c434="" class="form-group"><label _ngcontent-serverapp-c434="" class="valuation-calculator-input__label">Net Operating Income</label><input _ngcontent-serverapp-c434="" crxcurrency="" formcontrolname="noi"
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      <div _ngcontent-serverapp-c434="" class="form-group"><label _ngcontent-serverapp-c434="" class="valuation-calculator-input__label">Down Payment</label>
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            class="form-control ng-untouched ng-pristine ng-valid"><input _ngcontent-serverapp-c434="" crxpercent="" formcontrolname="downPaymentPercentage" placeholder="--%" readonly="readonly" class="form-control ng-untouched ng-pristine ng-valid">
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        <div _ngcontent-serverapp-c434="" class="form-group"><label _ngcontent-serverapp-c434="" class="valuation-calculator-input__label">Interest Rate</label><input _ngcontent-serverapp-c434="" crxpercent="" formcontrolname="interestRate"
            placeholder="Enter Interest Rate" class="form-control ng-untouched ng-pristine ng-valid"></div>
        <div _ngcontent-serverapp-c434="" class="form-group"><label _ngcontent-serverapp-c434="" class="valuation-calculator-input__label">Term (years)</label><input _ngcontent-serverapp-c434="" crxnumberonly="" formcontrolname="term"
            placeholder="Enter Term" class="form-control ng-untouched ng-pristine ng-valid"></div>
      </div><!----><!----><!---->
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    <div _ngcontent-serverapp-c434="" class="valuation-calculator-results">
      <div _ngcontent-serverapp-c434="" class="valuation-calculator-results__group">
        <div _ngcontent-serverapp-c434=""> Loan Amount <div _ngcontent-serverapp-c434="" mattooltip="The Loan Amount is your Purchase Price minus the Down Payment." class="mat-tooltip-trigger info-tooltip" aria-describedby="cdk-describedby-message-0"
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        <h1 _ngcontent-serverapp-c434="">$2,475,000</h1>
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        <div _ngcontent-serverapp-c434=""> Annual Debt Service <div _ngcontent-serverapp-c434="" mattooltip="Debt Service is the cash required to pay back the principal and interest of outstanding debt" class="mat-tooltip-trigger info-tooltip"
            aria-describedby="cdk-describedby-message-1" cdk-describedby-host=""></div><!----></div>
        <h2 _ngcontent-serverapp-c434="">$133,366.27</h2>
        <h4 _ngcontent-serverapp-c434=""> $11,113.86 /mo </h4>
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      <div _ngcontent-serverapp-c434="" class="valuation-calculator-results__group">
        <div _ngcontent-serverapp-c434=""> Annual Cash Flow <div _ngcontent-serverapp-c434="" mattooltip="Your Cash Flow is the Net Operating Income (NOI) minus the Debt Service." class="mat-tooltip-trigger info-tooltip"
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        <h2 _ngcontent-serverapp-c434="">$-110,206.27</h2>
        <h4 _ngcontent-serverapp-c434=""> $-9,183.86 /mo </h4>
      </div>
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  </div>
</form>

Text Content

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 1. For Sale
 2. Multifamily
 3. NY
 4. Jamaica
 5. 170-14 89th Avenue
    


Request Info

Street View
Map View
Gallery 23




170-14 89TH AVENUE

Multifamily | 4.75% CAP | 10 Units
Download OM Flyer

Submit LOI


LISTING CONTACTS

 * Paul Moulins Pro
   License: NY 10301216988
   Phone Number: Sign Up or Log In to see phone number
   View my profile
 * Domenick Canale
   License: NY10301210164
   Phone Number: Sign Up or Log In to see phone number
   View my profile
   


ACTIVE

Asking Price: $4,950,000
Learn more
 * Property


 * DUE DILIGENCE

   
   

Address 


170-14 89TH AVE, JAMAICA, NY 11432

Show on Map
Date Added
Jan 28, 2022
Days on Market
47 days
Time Since Last Update
37 days


DETAILS

Property TypeMultifamily
SubtypeApartment Building
Square Footage11,145
Cap Rate4.75%
NOI$23,160
Units10
Year Built2020
Buildings1
Stories5
ZoningR6A


MARKETING DESCRIPTION

A BRAND NEW 5 floor elevator apartment building located in Jamaica, Queens. This
gorgeous 10 unit apartment building has spacious balconies & terraces, plus a
rooftop deck. Striking layouts, modern new appliances, and all units are
equipped with a washer and dryer. This property is conveniently located near the
E & F Train, and bus line.  


INVESTMENT HIGHLIGHTS

 * Recently Built 
 * High Ceilings 
 * Basement 
 * Washer/Dryer 
 * Balcony 
 * Rooftop Deck 
 * Modern New Appliances 


VALUATION CALCULATOR

Purchase Price
Net Operating Income
Down Payment

50
Interest Rate
Term (years)
Loan Amount



$2,475,000

Annual Debt Service



$133,366.27

$11,113.86 /MO

Annual Cash Flow



$-110,206.27

$-9,183.86 /MO


VALUATION METRICS


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0.17
DSCR

0.47 %
Cap Rate

-4.45 %
ROI



HISTORY

Property HistoryTax History
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Date Event Document Price Price/SF Sold By Sold To


























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INSIGHTS BY CREXI INTELLIGENCE


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1 mile
3 miles
5 miles


Current Demographics

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Population
837k
4%
Compared to 524k in 2016
3%
Compared to 686k in 2019
2016 2016 2017 2017 2018 2018 2019 2019 2020 2020 0 0 500k 500k
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Household Income
$73k

Median Income
$25.2k
2025 Estimate
1%
Growth Rate
Under $25k Under $25k $25k-$50k $25k-$50k $50k-$100k $50k-$100k $100k-$150k
$100k-$150k Over $150k Over $150k
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Age Demographics
55

Median Age
31
2025 Estimate
1%
Growth Rate
Under 18 Under 18 18-24 18-24 25-44 25-44 45-64 45-64 Over 64 Over 64
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Number of Employees
93.1k
Top 5 Employment Categories

Production
Management
Sales & Related
Food Prep & Service
Office & Administrative Support
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Housing Occupancy Ratio
2:1
2:1 predicted by 2025

Occupied
Vacant
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Renter to Homeowner Ratio
3:1
5:1 predicted by 2025

Renters
Homeowner
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The Loan Amount is your Purchase Price minus the Down Payment.
Debt Service is the cash required to pay back the principal and interest of
outstanding debt
Your Cash Flow is the Net Operating Income (NOI) minus the Debt Service.
Debt Service Coverage Ratio (DSCR) is a measure of the cash flow available to
pay
Capitalization Rate (Cap Rate) is calculated by dividing a property's Net
Operating Income by the
Your Return on Investment or cash-on-cash return measures the amount of cash
flow relative to the

www.crexi.com Open in urlscan Pro 54.71.53.110 Public Scan

Form analysis 3 forms found in the DOM

#

Text Content

www.crexi.com Open in urlscan Pro
54.71.53.110 Public Scan

Form analysis
3 forms found in the DOM