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:
- Property Type: Sale
- Transaction Amount: $12,800,000.00
- Address: 6902 Queens BLVD, Queens, NY, 11377
- Market: Woodside
- Seller: Cumberland Farms
- Buyer: Madison Realty Capital
- Seller's Representative: Edward Gevinski, Eugene Kim - B6 Real Estate Advisors
- Brokers: Joe Berko - Berko & Associates
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
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
1.24%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93