Arnold Esposito pays $7M to Bruce Akrongold for 48-unit rental in Rockaway Park

Arnold Esposito through the entity Beach 119 Apts LLC paid Bruce Akrongold’s Beach 119 LLC $7.0 million for 131 Beach 119th Street in Rockaway Park. The deal closed on September 16, 2020, and was recorded on October 6, 2020. The transaction consists of 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 48 residential units. The property is 35,159 square feet. The parcel(s) have total development potential of 35,159 square feet.
The sale price per unit is $145,833.

The contract date was July 8, 2020. The last time the property sold was October 27, 2011, for $3,000,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
The signatory for the buyer or lender was Arnold Esposito