Max Kozlowitiz Acquires Single-Story 7-Unit Retail Building In Far Rockaway, Queens For $3M

A single-story, 7-unit retail building located at 1326-1342 Beach Channel Drive in Far Rockaway, Queens has been sold. The property spans 5,600 square feet and was sold for a price of $3,000,000, resulting in a price per square foot of $536. The sale included a 7% capitalization rate.

Summary of transaction details

• Property Type: Single-Story 7-Unit Retail Building
• Transaction Amount: $3,000,000
• Square Footage: 5,600
• Price per Square Foot: $536
• Capitalization Rate: 7%
• Market: Far Rockaway, Queens

The seller of the property was Yehuda Cohen, while the buyer was Max Kozlowitiz. The transaction was facilitated by broker Stephen R. Preuss from Cushman & Wakefield, representing Team Preuss.