Steve Skulikidis Acquires Woodside Multifamily From Mario Acevedo
39-24 65th St, Flushing, NY 11377, USA
$1,450,000
$307/SF
Building Size
4,711 SF
Asset Type
MultiFamily
Closing
Jul 17, 2019
AI
The multifamily property located at 39-24 65th Street in Woodside recently closed in a transaction. The property, spanning 4,711 square feet, was sold for a sale price of $1,450,000. The asking price for the property was $1,595,000, resulting in a price per square foot of $307. The property is fully rent stabilized, providing stability and long-term value for the new owner.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Address: 39-24 65th Street, Woodside
- Market: Woodside
The seller of the property was Mario Acevedo, while the buyer was Steve Skulikidis. The deal was facilitated by brokers Shaun Riney, Dylan Walsh, and Max Belinsky of Marcus & Millichap, representing their respective parties. The transaction signifies a successful collaboration between the involved individuals and companies in the Woodside market.
Players
Woodside 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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93