NEW YORK—A 10-unit, walk-up apartment building located at 131 Beach 121st Street in Rockaway Park, Queens was sold in an all-cash transaction valued at $800,000. The sale price equates to approximately $130 per sq. ft. Massey Knakal Partner Thomas A. Donovan exclusively handled the transaction.
Situated on a 60-ft. by 85-ft. lot, the building contains approximately 6,105 sq. ft. and includes three two-bedroom apartments, three one-bedroom apartments, three lofts and one studio apartment. All apartments are currently occupied. Each apartment has its own heating unit and hot water heater.
The property also includes off-street parking spaces located on west side of Beach 121st Street.