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101 21 Rockaway Blvd Jamaic...

Bell Realty Acquires 20-Unit Residential Walkup Building In South Ozone Park, Queens For $3.2M
SOLDMultiFamily

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

Eric Belanich

Bell Realty

Buyer

$6.4M

vol

2 deals

Buyer

San Diego MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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