facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

87-16 Winchester Boulevard,...

David Lansey Acquires Multifamily Property In South Queens For $8.7M
SOLDMultiFamily

David Lansey Acquires Multifamily Property In South Queens For $8.7M

87-16 Winchester Boulevard, Queens, NY, USA

$8,725,000

$356/SF

Building Size

24,480 SF

Asset Type

MultiFamily

Closing

Nov 28, 2018

AI

An $8,725,000 multifamily property located at 87-16 Winchester in South Queens was recently sold. This property spans across approximately 24,480 square feet, with a price per square foot of $356. The transaction involved a total of 48 units, with an average price per unit of $181,770.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8,725,000
  • Square Footage: 24,480
  • Price Per Square Foot: $356
  • Address: 87-16 Winchester
  • Market: South Queens
  • Seller: David Eshaghoff (@david.esh)
  • Buyer: David Lansey
  • Brokers: Peter Von Der Ahe, Joe Koicim, Dylan Walsh, Shaun Riney (@newyorkmultifamily)

The deal was facilitated by brokers Peter Von Der Ahe, Joe Koicim, Dylan Walsh, and Shaun Riney from New York Multifamily, representing the involved parties in the transaction.

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

David Eshaghoff

Seller

$25.5M

vol

2 deals

Seller

New York 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

1.82%

Cash-on-Cash

-0.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93