SOLDCondo
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
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.
Players
Rego Park Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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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