facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

6902 Queens BLVD, Queens, N...

Madison Realty Capital Purchases 29000 SF Property From Cumberland Farms For $12.8M In Woodside
SOLDMultiFamily

Madison Realty Capital Purchases 29000 SF Property From Cumberland Farms For $12.8M In Woodside

6902 Queens BLVD, Queens, NY, 11377

$12,800,000

$441/SF

Building Size

29,000 SF

Asset Type

MultiFamily

Closing

Mar 30, 2016

AI

The property asset involved in this transaction is located at 6902 Queens Blvd, Queens, NY, 11377, within the Woodside market. The property was sold by Cumberland Farms for a total price of $12,800,000.00. It encompasses a total square footage of 29,000 square feet.

Summary of transaction details:

This transaction was facilitated by key representatives including Edward Gevinski and Eugene Kim, who represented the seller, Cumberland Farms. Joe Berko from Berko & Associates acted as the broker in the deal, representing Madison Realty Capital, the buyer in this transaction.

Players

Edward Gevinski

Broker

$26.6M

vol

4 deals

Broker
Berko & Associates
Berko & AssociatesBrokerage
Madison Realty Capital
Madison Realty CapitalBuyer

Woodside MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.24%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93