Updated Feb 21, 2025
Peak Capital Acquires Woodside Multifamily For $2.1M With Buyer's Rep Alex Rabin & Seller's Rep Ben Normatov
41-11 53rd St, Queens, NY 11377, USA
$1,385,000
$25/SF
Building Size
55,000 SF
Asset Type
MultiFamily
Closing
Oct 14, 2020
About this deal
AI
The multifamily property at 53-11 Skillman Ave in Woodside has been sold for $2,100,000. The transaction took place on 04/19/2022. This property consists of 5 units with a total area of 5,208 square feet. The price per unit is $420,000, and the price per square foot is $403.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Units: 5
- Price per Unit: $420,000
- Square Footage: 5,208
- Price per Square Foot: $403
PEAK Capital, represented by Alex Rabin and David Gomez, acted as the buyer in the deal. The property was sold by Song Kenison. The brokers involved in this transaction were Ben Normatov and Lev Mavashev, representing Alpha Realty.
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
11.45%
Cash-on-Cash
-3.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93