52-23 Skillman Avenue

52-23 Skillman Avenue is a 27' wide 6-unit walk-up located in the Queens market. The property, consisting of 5,208 square feet, sold for $1,275,000, reflecting a price per unit of $212,500 and a price per square foot of $244. The transaction included 50% seller financing and indicates a 7% cap rate.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $1,275,000
• Units: 6
• Square Footage: 5,208
• Price per Unit: $212,500
• Price per Square Foot: $244
• Buyer: Ilias Theodoropoulos
• Seller: Annita Hovsepian
• Seller's Representative: Thomas Donovan, Tommy Lin & Eugene Kim - Meridian Capital Group

The transaction was represented by Thomas Donovan, Tommy Lin, and Eugene Kim from Meridian Capital Group, who facilitated the sale on behalf of the seller, Annita Hovsepian. The deal reflects a successful effort to market a multi-family asset in a competitive area.