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:
- Property Type: Commercial
- Transaction Amount: $4,500,000
- Address: 184-200 Beach 116th Street
- Market: Rockaway Park, Queens
- Square Footage: 15,298
- Price Per Square Foot: $294
- Units: 5
- Brokers: Shlomo Antebi, Elli Khafizov, Erik Yankelovich, & Yosef Katz - Atlas Realty Group
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
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