Vincent Ragosta Acquires Multifamily Building In Far Rockaway For $22M

22-11 New Haven Avenue, a multifamily building located in Far Rockaway, New York, was recently sold in a closed transaction. The property spans 96,000 square feet and consists of 108 units. The sale price for this transaction was $22,000,000, equating to a price per square foot of $229.

Summary of transaction details:

• Property Type: Multifamily Building
• Transaction Amount: $22,000,000
• Address: 22-11 New Haven Avenue
• City: New York
• Market: Far Rockaway
• Square Footage: 96,000 sf
• Price per Square Foot: $229
• Number of Units: 108

The seller of the property was E&M Management, represented by Irving Langer and Danny Goldstein. The buyer in this transaction was Vincent Ragosta. The deal was facilitated by Yosef Katz of GFI Realty acting as the broker.