Updated Sep 9, 2024
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:
- Property Type: Development Site
- Transaction Amount: $100,000
- Address: Seagirt Blvd (BBL: 4-15780-15)
- Market: Far Rockaway
- Buyer: Moshe Toiv
- Seller: Saleh Yadgar
- Broker: Lisa Feimer - Douglas Elliman
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
Market Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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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