Updated Oct 28, 2024
Daniel Benedict Acquires Woodside Multifamily For $9.7M With Brokers Shaun Riney, Mark Zarrella & Dylan Walsh
31-20 54th Street, Woodside, NY, USA
$9,700,000
$143/SF
Building Size
67,611 SF
Asset Type
MultiFamily
Closing
Aug 27, 2021
About this deal
AI
A multifamily property located at 31-20 54th Street in Woodside was recently sold for $9,700,000. The property spans across 67,611 square feet and has a price per square foot of $143. The transaction took place on 08/27/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,700,000
- Address: 31-20 54th Street
- Market: Woodside
- Buyer: Daniel Benedict
- Seller: Avy Realty LLC
- Brokers: Shaun Riney, Mark Zarrella, and Dylan Walsh
The sale was facilitated by brokers Shaun Riney, Mark Zarrella, and Dylan Walsh, representing the buyer and seller.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93