Aaron Parnes Acquires Multifamily Property In Rockaway Park, Queens For $7M

The multifamily property located at 131 Beach 119th St. in Rockaway Park, Queens was recently sold for $7,000,000. The property has a total square footage of 35,159, resulting in a price per square foot of $199. The previous sale of the property occurred on October 2011, with a sale price of $3,000,000.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $7,000,000
• Market: Rockaway Park, Queens
• Address: 131 Beach 119th St.
• Square Footage: 35,159
• Price per Square Foot: $199
• Last Sale Price: $3,000,000 (10/2011)

The buyer of the property is Aaron Parnes, while the seller is Bruce Akrongold. The lot size of the property is 85 ft x 100 ft, and it is classified as tax class 2. The property is zoned as R7A.