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151 Beach 146th Street

Rockaways Mansion Sells For $4.2M In One Of Queens' Priciest Home Sales
SOLDMultiFamily

Rockaways Mansion Sells For $4.2M In One Of Queens' Priciest Home Sales

151 Beach 146th Street

$4,200,000

Building Size

Asset Type

MultiFamily

Closing

May 10, 2023

AI

A mansion located at 151 Beach 146 Street in Neponsit, Queens has been sold for $4.2 million, marking one of the highest-priced home sales in the area. This five-bedroom single family property, owned by Anatoly Geyman and Raisa Geyman, went through a four-year journey before finding its new owners.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $4,200,000
  • Address: 151 Beach 146 Street
  • Market: Neponsit

The buyers of the property are Robert and Kseniya Robenov, while the sellers are Anatoly Geyman and Raisa Geyman. Representing the buyers, Sam Horowitz from Samuel Realty and Victoria Shtainer from Compass acted as the brokers involved in this transaction.

Originally listed in 2019 for $7 million, the mansion underwent several price cuts and even went through an unsuccessful auction before finally being sold at a price below its $4.5 million asking price. Despite this, the property's sale still stands as one of the most expensive non-beachfront sales in the Rockaways.

Players

Sam Horowitz

Broker

$6.3M

vol

2 deals

Broker

Rockaway Park 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

3.78%

Cash-on-Cash

-1.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93