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61-07 Woodside Ave, Flushin...

David Lansey Acquires Woodside Multifamily From Eric Markel
SOLDMultiFamily

David Lansey Acquires Woodside Multifamily From Eric Markel

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

$36,375,000

$36/SF

Building Size

996,240 SF

Asset Type

MultiFamily

Closing

May 22, 2019

AI

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

Broker

$1.4B

vol

110 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker

David Lansey

Buyer

$45.1M

vol

2 deals

Buyer

Eric Markel

Seller

$73.5M

vol

5 deals

Seller

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

0.44%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93