Updated Feb 21, 2025
PEAK Capital Acquires Woodside Multifamily For $1.57M With Buyer's Rep Alex Rabin & Seller's Rep Andrew Vasilakis
53-17 Skillman Avenue, Woodside, NY, USA
$1,575,000
$302/SF
Building Size
5,208 SF
Asset Type
MultiFamily
Closing
Aug 16, 2021
About this deal
AI
Located at 53-17 Skillman Avenue in Woodside, this multifamily property was recently sold in a closed transaction. The property consists of 6 units, spanning over a total of 5,208 square feet. The sale price for this transaction was $1,575,000, resulting in a price per unit of $262,500 and a price per square foot of $302.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,575,000
- Address: 53-17 Skillman Avenue
- Market: Woodside
The buyer of this property was PEAK Capital, represented by Alex Rabin and David Gomez. On the other hand, the seller was Andrew Vasilakis. The transaction was facilitated by Lev Mavashev and Ben Normatov from Alpha Realty NY.
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
10.07%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93