CedarPark Capital Acquires Multifamily Asset In Forest Hills From Sibling Management For $26.5M
SOLD
$26,500,000
+ 1
New York
See Similar DealsMultiFamily132,960 SF
Sold 01/30/2026
SOLD
CedarPark Capital Acquires Multifamily Asset In Forest Hills From Sibling Management For $26.5M
68 64 Yellowstone Boulevard
See Similar DealsMultiFamily132,960 SF
Sold 01/30/2026
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$199
Total Square Footage:132,960 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,413,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$94,148.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$125,623.52
Annual Debt Service$1,507,482.24
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