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Seagirt Blvd, Far Rockaway,...

Updated Sep 9, 2024

Moshe Toiv Acquires Development Site On Seagirt Blvd In Far Rockaway For $100K
SOLDDevelopment Site

Moshe Toiv Acquires Development Site On Seagirt Blvd In Far Rockaway For $100K

Seagirt Blvd, Far Rockaway, New York 11691 4-15780-15

$100,000

$41/SF

Building Size

2,388 SF

Asset Type

Development Site

Closing

Apr 3, 2023

About this deal

AI

A development site located on Seagirt Blvd in Far Rockaway has been sold in a transaction. The property, with a total square footage of 2,388, was sold for a price of $100,000, resulting in a price per square foot of $42. The buyer of the property is Moshe Toiv, while the seller is Saleh Yadgar. The transaction was facilitated by Lisa Feimer from Douglas Elliman.

Summary of transaction details:

Moshe Toiv, the buyer, has expressed interest in purchasing buildable vacant land similar to this property in the five boroughs. Additionally, they are open to acquiring distressed or below-market 2-4 unit multi-family properties. For further inquiries or opportunities, Moshe Toiv can be reached at 718-663-9500 or [email protected].

Players

Lisa Feimer

Douglas Elliman

Broker

$100K

vol

1 deal

Broker

Market Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $41 per square foot on a published $100K for 2,388 square feet (2023).

Visit Douglas Elliman to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

158.63%

Cash-on-Cash

-45.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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