Updated Feb 6, 2026
Benjamin Werber Of Werber Real Estate Refinances Elmhurst Multifamily At 75-06 Woodside Avenue For $8.2M
75 06 Woodside Avenue
$8,200,000
$156/SF
Building Size
52,553 SF
Asset Type
MultiFamily
Closing
Jan 30, 2026
About this deal
AI
The property asset involved in the transaction is a multifamily residential building located at 75-06 Woodside Avenue, encompassing an area of 52,553 square feet with a total of 75 units. The building is situated in the Elmhurst market of Queens.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,200,000
- Lender: J.P. Morgan Chase
- Landlord: Benjamin Werber - Werber Real Estate
- Loan Type: Refinance
Werber Real Estate, represented by Damar Apartments, LLC, has completed a refinance of the building through an $8.2 million loan from JPMorgan Chase, which replaces the existing debt held by Santander Bank.
On the Map
$8,200,000
$156/SF
MultiFamily
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Elmhurst MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93