Updated Dec 21, 2023
David Ekstein Acquires Multifamily Property In Arverne, Queens From Marcal Group
327 Beach 65th St, Queens, NY 11692, USA
$13,950,000
$12,880/SF
Building Size
1,083 SF
Asset Type
MultiFamily
Closing
Mar 3, 2020
About this deal
AI
The multifamily property located at 3-27 Beach 65th Street in Arverne, Queens has been sold in a closed transaction. The property consists of 39 units and was sold for a total price of $13,950,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $13,950,000
- Units: 39
- Market: Arverne, Queens
David Ekstein has acquired the property from Marcal Group, with Mark Caller representing the seller in the deal.
The multifamily sale at 327 Beach 65th St, Queens, NY 11692, USA in New York, New York sold for $14M in 2020. Reported inventory is 1,083 square feet across 39 units, or about 12.9K per square foot. This page is the New York, New York file for the 327 Beach 65th St, Queens, NY 11692, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 327 Beach 65th St, Queens, NY 11692, USA around 2020. Published consideration for 327 Beach 65th St, Queens, NY 11692, USA is $14M, dated 2020. Cite this David Ekstein Acquires Multifamily Property In Arverne, Queens From Marcal Group sale when underwriting similar multifamily product around New York, New York.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.14%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93