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33-23 Union Street

Joel Leifer Of Excelsior Healthcare Group Acquires Senior Housing In Murray Hill Queens For $75M
SOLDHospital

Joel Leifer Of Excelsior Healthcare Group Acquires Senior Housing In Murray Hill Queens For $75M

33-23 Union Street

$75,000,000

$513/SF

Building Size

146,042 SF

Asset Type

Hospital

Closing

Feb 27, 2026

AI

A 146,042 square foot senior housing facility located at 33-23 Union Street in Murray Hill, Queens was sold for $75 million. This transaction corresponds to a price per square foot of approximately $514. The sale was finalized on February 27, 2026, with David Marx representing the seller.

Summary of transaction details:

  • Property Type: Senior Housing
  • Transaction Amount: $75,000,000
  • Address: 33-23 Union Street
  • Market: Murray Hill, Queens
  • Buyer: Joel Leifer - Excelsior Healthcare Group
  • Seller: David Marx - Marx Development Group
  • Square Footage: 146,042
  • Price per Square Foot: $514
  • Sale Date: February 27, 2026

Joel Leifer acquired the property through Excelsior Healthcare Group, while David Marx was representing Marx Development Group in this transaction. This highlights the involvement of key players in the senior housing market within the Murray Hill area.

Players

Joel Leifer

Excelsior Healthcare Group

Buyer

$332.5M

vol

3 deals

Buyer

David Marx

Marx Development Group

Seller

$76.1M

vol

2 deals

Seller

Flushing Hospital Market Snapshot

Boundary boundary · Hospital · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.21%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93