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

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:

• Property Type: MultiFamily
• Transaction Amount: $22,000,000.00
• Buyer: Vincent Ragosta
• Seller: Irving Langer
• Buyer's Representative: Yosef Katz (Atlas Realty Group)
• Market: Far Rockaway

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.