Moshe Toiv & Picasso Development Acquire MultiFamily Property For $415K

The property involved in this transaction is a vacant SRO (Single Room Occupancy) with 1 apartment and 11 rooms located at 113-03 Rockaway Beach Boulevard in New York City. The property spans approximately 2,450 square feet and was sold at a price of $415,000, resulting in a price per square foot of $169.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $415,000
• Address: 113-03 Rockaway Beach Boulevard
• Market: New York City
• Square Footage: 2,450

Moshe Toiv and Picasso Development were the buyers in this transaction. They completed the purchase within two weeks of signing the contract. Moshe Toiv can be contacted at 718-663-9500 or [email protected]. The buyers expressed their interest in acquiring multi-family properties and SROs below market value, and encouraged others to reach out with potential opportunities.