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David Lansey Acquires Woodside Multifamily From Eric Markel

Property Image
SOLD
$36,375,000
Joseph (Joe) Koicim
Peter Von Der Ahe
Shaun Riney
+ 3

New York

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MultiFamily996,240 SF
Sold 05/23/2019
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Property Image
SOLD

David Lansey Acquires Woodside Multifamily From Eric Markel

61-07 Woodside Ave, Flushing, NY 11377, USA

See Similar Deals
MultiFamily996,240 SF
Sold 05/23/2019
Joseph (Joe) Koicim
Peter Von Der Ahe
Shaun Riney
+ 3
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$36
Total Square Footage:996,240 SF
Transaction Type:Sale

The multifamily property located at 6107-6125 Woodside Avenue in the Woodside market has been sold for a sale price of $36,375,000. The property spans 99,624 square feet and was listed at an asking price of $39,995,000. This translates to a price per square foot of $365.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $36,375,000
  • Address: 6107-6125 Woodside Avenue
  • Square Footage: 99,624
  • Market: Woodside

The seller of the property is Eric Markel, while the buyer is David Lansey. The brokers involved in the transaction are Peter Von Der Ahe, Shaun Riney, Dylan Walsh, and Joe Koicim.

Players

Peter Von Der Ahe
Marcus & Millichap
Peter Von Der Ahe
110 deals$1.4B volume
BROKER
Joseph (Joe) Koicim
Marcus & Millichap
Joseph Koicim
172 deals$2.7B volume(212) 430-5147
BROKER
Shaun Riney
Marcus & Millichap
Shaun Riney
355 deals$1.8B volume(718) 475-4369
BROKER
Dylan Walsh
Cushman & Wakefield
Dylan Walsh
72 deals$582.7M volume(917) 887-5441
BROKER
DL
David Lansey
2 deals$45.1M volume
BUYER
EM
Eric Markel
5 deals$73.5M volume
SELLER

Details

SOLD
IMAGE: Peter Von Der Ahe, @ShaunRiney1, Dylan Walsh, Joe Koicim (@Joey1Cap) DATE: 05/23/2019 ADDRESS: 6107-6125 Woodside Avenue MARKET: Woodside ASSET TYPE: Multifamily ASKING PRICE: $39,995,000 SALE PRICE: $36,375,000 SF: 99,624 PPSF: $365 SELLER: Eric Markel BUYER: David Lansey BROKERS: Peter Von Der Ahe, Shaun Riney, Dylan Walsh, Joe Koicim ????

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$129,232.70
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