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
About this deal
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.
On the Map
$75,000,000
$513/SF
Hospital
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Players
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