Joseph Ciampa Of Ciampa Organization Acquires 66-Unit Multifamily Building In Rego Park For $18.4M

A multifamily asset located at 63-36 98th Place in Rego Park, Queens has been sold. The property is an elevator building with a total of 66 units. The transaction was valued at $18,400,000, resulting in a price per unit of approximately $278,788.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $18,400,000
• Units: 66
• Buyer: Joseph Ciampa - Ciampa Organization

The deal involved Joseph Ciampa acquiring a 78% stake in the property from another entity of the Ciampa Organization as part of a related party transaction.