SOLD
Sanjaya Mallick Acquires Multifamily Portfolio In Queens For $3.7M
315-333 Beach 84th Street
MultiFamily
19,758 SF
19,758 SF
Sold 311 days ago
Summary
Sale
NEW YORK
MultiFamily
19,758 sqft
A portfolio of 10 contiguous two-family buildings located at 315-333 Beach 84th St. in Far Rockaway, Queens has been sold for $3,725,000. The multifamily property spans a total of 19,758 square feet, with a price per square foot of $189.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $3,725,000
- Square Footage: 19,758
- Address: 315-333 Beach 84th St.
- Market: Queens
The buyer of the property is Sanjaya Mallick, and the seller is David Ishay. The deal was facilitated by brokers Harry Bouzaglou and Jack Sardar from Tri State Commercial Realty.
Despite numerous obstacles, including the lack of certificates of occupancy, tax liens, HPD vacate orders, open lis pendens, and problematic tenants, the transaction was successfully closed. The property had been on the market for several years with other brokers. Bouzaglou and Sardar were able to guide the buyer through these challenges, ultimately completing the sale despite high interest rates.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Harry Bouzaglou & Jack Sardar
DATE: 06/16/2023
ADDRESS: 315-333 Beach 84th St.
MARKET: Queens
ASSET TYPE: Multifamily
BUYER: Sanjaya Mallick
SELLER: David Ishay
BROKER: Harry Bouzaglou (@HarryBouz) & Jack Sardar (@JackSardar_RealEstate) - Tri State Commercial Realty (@TriStateCommercial)
SALE PRICE: $3,725,000
SF: 19,758 ~ PPSF: $189
NOTE FROM BROKER: We are pleased to announce our recent closing of 315-333 Beach 84th st. This was a portfolio of 10 contiguous two-family buildings in Far Rockaway. This was a deal with no shortage of obstacles such as; no C/Os, tax liens, HPD vacate orders, open lis pendens, and problematic tenants. This deal has been on the market with other brokers for years, fortunately, we were able to navigate our buyer through the obstacles despite high interest rates.View on map
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Address315-333 Beach 84th Street
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