Brenda Rosen Of Breaking Ground Acquires Development Site From Rob Speyer Of Tishman Speyer For $14.53M
Beach 52nd Street
$14,532,585
Building Size
—
Asset Type
Development Site
Closing
Jun 22, 2026
AI
A development site located at 332 Beach 52nd Street in Far Rockaway, Queens has been sold for $14,532,585. The property is notable within the context of affordable housing development potential in the outer-borough market.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $14,532,585
- Buyer: Brenda Rosen - Breaking Ground
- Seller: Rob Speyer - Tishman Speyer
- Transaction Date: June 22, 2026
- Market: Far Rockaway, Queens
Breaking Ground, led by Brenda Rosen, has engaged in this significant acquisition, marking a prominent transaction in the real estate market. Rob Speyer represented Tishman Speyer in this deal, showcasing the involvement of established entities in the transaction.
Players
Queens Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93