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

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SOLD
$22,000,000

New York

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MultiFamily96,000 SF
Sold 02/07/2018
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SOLD

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

2211 New Haven Ave, Queens, NY, 11...

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MultiFamily96,000 SF
Sold 02/07/2018
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$229
Total Square Footage:96,000 SF
Transaction Type:Sale

The multi-family building located at 2211 New Haven Ave in Queens, NY, was sold in a transaction that took place on 02/07/2018 in the Far Rockaway market. The property, with a total of 108 units, was acquired by buyer Vincent Ragosta from seller Irving Langer for a price of $22,000,000.00. Spanning approximately 96,000 square feet, the building features 108 apartments and 21 parking spots.

Summary of transaction details:

Yosef Katz of Atlas Realty Group represented Vincent Ragosta in the transaction, while Irving Langer was the selling party. The seller had originally purchased the property in 2014 for $12 million. This deal marks Vincent Ragosta's acquisition of a significant multifamily property in Far Rockaway, following the recent sale of properties in Jamaica. The six-story building stands near Beach 22nd Street and includes a mix of residential units and parking spaces.

Players

Yosef Katz
133 deals$1.1B volume
BROKER

Irving Langer
10 deals$510.4M volume
SELLER

Details

SOLD
IMAGE: 02/07/2018 ADDRESS: 2211 New Haven Ave, Queens, NY, 11... MARKET: Far Rockaway ASSET TYPE: MultiFamily BUYER'S REP: Yosef Katz(Atlas Realty Group) BUYER: Vincent Ragosta SELLER: Irving Langer PRICE: $22,000,000.00 SF: 96000

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