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Atlas Realty Group Completes $4.5M Sale Of Commercial Property In Rockaway Park

Property Image
SOLD
$4,500,000
Shlomo Antebi
Erik Yankelovich
+ 1

New York

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MultiFamily30,596 SF
Sold
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Property Image
SOLD

Atlas Realty Group Completes $4.5M Sale Of Commercial Property In Rockaway Park

184 Beach 116th Street

See Similar Deals
MultiFamily30,596 SF
Sold
Shlomo Antebi
Erik Yankelovich
+ 1
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$147
Total Square Footage:30596 SF
Transaction Type:Sale

The commercial property located at 184-200 Beach 116th Street in Rockaway Park, Queens, was recently sold for $4,500,000. The property spans 15,298 square feet with a price per square foot of $294, featuring a total of 5 units.

Summary of transaction details:

The sale at 184-200 Beach 116th Street in Rockaway Park, Queens, was facilitated by Shlomo Antebi, Elli Khafizov, Erik Yankelovich, and Yosef Katz of Atlas Realty Group, showcasing their expertise in closing significant commercial property transactions in the area.

Players

Elli Khafizov
10 deals$38.9M volume(212) 419-8067
BROKER

Erik Yankelovich
Atlas Realty Group
124 deals$1B volume
BROKER

Yosef Katz
Atlas Realty Group
130 deals$1.1B volume
BROKER

Shlomo Antebi
Atlas Realty Group
135 deals$994.4M volume
BROKER

Details

SOLD
IMAGE: Shlomo Antebi, Yosef Katz, Erik Yankelovich & Elli Khafizov DATE: 04/22/2024 ADDRESS: 184-200 Beach 116th Street MARKET: Rockaway Park, Queens ASSET TYPE: Commercial BROKERS: Shlomo Antebi, Elli Khafizov (@Elli_Khaf), Erik Yankelovich (@Eriky79) & Yosef Katz (@Katz.Yosef) - Atlas Realty Group (@ARG_NYC) SALE PRICE: $4,500,000 SF: 15,298 ~ PPSF: $294 UNITS: 5

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$240,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55