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184 Beach 116th Street

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

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

184 Beach 116th Street & 200 Beach 116th Street

$4,500,000

$147/SF

Building Size

30,596 SF

Asset Type

MultiFamily

Closing

Apr 22, 2024

AI

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

Atlas Realty Group

Broker

$52.4M

vol

11 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

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93