Stuart Berg Acquires 62 Commercial Condo Units From Joel Wiener Of Pinnacle Group For $9.9M
97-25 64th Avenue
$9,901,100
Units
62
Asset Type
Condo
Closing
Jul 30, 2026
About this deal
AI
Stuart Berg acquired 62 commercial condo units at 97-25 64th Avenue in Rego Park, Queens, for a total of $9,901,100, which translates to $159,695 per unit.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $9,901,100
- Units: 62
- Address: 97-25 64th Avenue
- Market: Rego Park, Queens
- Price Per Unit: $159,695
Joel Wiener of Pinnacle Group represented the seller in this transaction, which finalized on July 30, 2026.
The condo sale at 97-25 64th Avenue in Rego Park, New York sold for $9.9M in 2026. Reported inventory is 62 units across 62 units. Named participants on the 97-25 64th Avenue sale are Joel Wiener. This page is the Rego Park, New York file for the 97-25 64th Avenue condo sold: pricing, party profiles, and other closed condo comps from the same Rego Park sit in the Market section below. Filter that Rego Park condo set by closing date to see what else sold near 97-25 64th Avenue around 2026. Published consideration for 97-25 64th Avenue is $9.9M, dated 2026. Cite this Stuart Berg Acquires 62 Commercial Condo Units From Joel Wiener Of Pinnacle Group For $9.9M sale when underwriting similar condo product around Rego Park, New York.
Players
Rego Park Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $159.7K per unit across 62 units on a published $9.9M (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.60%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93