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68 64 Yellowstone Boulevard

CedarPark Capital Acquires Multifamily Asset In Forest Hills From Sibling Management For $26.5M
SOLDMultiFamily

CedarPark Capital Acquires Multifamily Asset In Forest Hills From Sibling Management For $26.5M

68 64 Yellowstone Boulevard

$26,500,000

$199/SF

Building Size

132,960 SF

Asset Type

MultiFamily

Closing

Jan 29, 2026

AI

The property involved in this transaction is a multifamily asset located at 68-64 Yellowstone Boulevard in the Forest Hills market. The sale price for the property was $26,500,000, comprising 110 units. The total square footage of the asset is 132,960, with a price per unit calculated at $240,909 and a price per square foot at $199.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $26,500,000
  • Units: 110
  • Square Footage: 132,960
  • Price Per Unit: $240,909
  • Price Per Square Foot: $199
  • Buyer: CedarPark Capital
  • Seller: Sibling management - Andrew Jackson
  • Brokers: Aaron Jungreis, Mike Kerwin, Ben Khakshoor & Alex Fuchs - Rosewood Realty Group

The key individuals involved in this transaction include the buyer CedarPark Capital and the seller Sibling management, represented by Andrew Jackson. The transaction was facilitated by brokers Aaron Jungreis, Mike Kerwin, Ben Khakshoor, and Alex Fuchs, all of whom are affiliated with Rosewood Realty Group.

Players

Aaron Jungreis

Rosewood Realty Group

Broker

$4.4B

vol

207 deals

Broker

Forest Hills MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.60%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93