Bell Realty Acquires 20-Unit Residential Walkup Building In South Ozone Park, Queens For $3.2M
101 21 Rockaway Blvd Jamaica, Ny 11417, Usa
$3,200,000
$163/SF
Building Size
19,600 SF
Asset Type
MultiFamily
Closing
Aug 23, 2023
AI
A 20-unit residential walkup building located at 101-21 Rockaway Boulevard in South Ozone Park, Queens, has been sold for $3.2 million. The property, spanning 19,600 square feet, was purchased by Bell Realty, represented by Eric Belanich. The sellers, Maria Falco and Michael Falco, agreed to the transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,200,000
- Square Footage: 19,600
- Price per Square Foot: $163
- Address: 101-21 Rockaway Boulevard, South Ozone Park, Queens
- Buyer: Bell Realty - Eric Belanich
- Seller: Maria Falco & Michael Falco
Eric Belanich's Bell Realty successfully acquired the 20-unit residential walkup building at 101-21 Rockaway Boulevard in South Ozone Park, Queens. The transaction, with a total sale price of $3.2 million, marks the transfer of ownership from sellers Maria Falco and Michael Falco to Eric Belanich's Bell Realty. This acquisition further strengthens Bell Realty's presence in the South Ozone Park market.
Players
San Diego MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93