Max Kozlowitiz Acquires Single-Story 7-Unit Retail Building In Far Rockaway, Queens For $3M
1326-1342 Beach Channel Drive
Retail
56,000 SF
56,000 SF
Summary
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.
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1326-1342 Beach Channel Drive
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