Updated Jul 3, 2026
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
About this deal
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.
On the Map
$14,532,585
Development Site
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Players
Queens 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
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93