Roy Ramautar Acquires Mixed-Use Property In Queens For $1.5M
11905-11907 Rockaway Boulevard
4,927 SF
Summary
The mixed-use property located at 11905-11907 Rockaway Boulevard, S. Ozone Park in New York City was recently sold for $1,500,000. The property consists of three residential units and four office spaces, offering a total building size of 4,927 square feet. With a cap rate of 4.5%, this property offers a good investment opportunity in the Queens market.
Summary of transaction details
- Property Type: Mixed-Use (3 Residential & 4 Office)
- Transaction Amount: $1,500,000
- Building Size: 4,927 square feet
The seller, ABMB Associates Inc. represented by Marie Buendia, successfully closed the deal with the buyer, Roy Ramautar. Stephen R. Preuss of Cushman & Wakefield served as the broker for this transaction. This successful sale demonstrates the strong demand for mixed-use properties in the Queens market.
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