SOLDCondo
Marcus Adjmi Of ACHS Management Acquires Condo From Michael Fiddelke For $4,967,500 In Elmhurst
88-15 Queens Boulevard
$4,967,500
Building Size
—
Asset Type
Condo
Closing
Aug 30, 2026
About this deal
AI
A commercial condo unit was sold at 88-15 Queens Boulevard in Elmhurst, Queens. The sale price for the property was $4,967,500, marking a notable transaction within the market.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,967,500
- Buyer: Marcus Adjmi
- Buyer's Company: ACHS Management
- Seller: Michael Fiddelke
- Seller's Company: Target
Marcus Adjmi of ACHS Management successfully acquired the condo from Target executive Michael Fiddelke, indicating an active participation in the outer borough real estate market by established retail and real estate professionals.
On the Map
$4,967,500
Condo
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Elmhurst Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.19%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93