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39-24 65th St, Flushing, NY...

Steve Skulikidis Acquires Woodside Multifamily From Mario Acevedo
SOLDMultiFamily

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

Max Belinsky

BKR Real Estate Group

Broker

$19.7M

vol

10 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker

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