Sanjay Patel Sells Multifamily Buildings In Far Rockaway For $3.4 Million With Besen Partners

The property involved in this transaction consists of three contiguous 3-family buildings located at 11-30, 11-32, and 11-34 McBride Street in Far Rockaway. The multifamily asset was sold for $3,400,000 and encompasses a total area of 9,275 square feet, resulting in a price per square foot of $366. The property consists of 9 units, with a price per unit calculated at $377,777. All buildings were constructed in 2023 and were delivered vacant at the time of sale.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,400,000
• Units: 9
• Price per Unit: $377,777
• Square Footage: 9,275
• Price per Square Foot: $366
• Seller: Sanjay Patel
• Brokers: Anudeep Gosal & Ronald (Ron) Cohen - Besen Partners

The deal was facilitated by brokers Anudeep Gosal and Ronald (Ron) Cohen from Besen Partners, representing the seller, Sanjay Patel. Their involvement in the transaction underscores their role in navigating the complexities associated with the sale of this multifamily asset.