Howard Hershkovich pays $25M for five properties in Far Rockaway
Howard Hershkovich pays $25 million to Gershon Eichorn and various additional sellers to buy five properties in Far Rockaway in four separate transactions.
In the first, Howard Hershkovich through the entity Hf Rockaway LLC paid Gershon Eichorn and Cirel and Joseph Marasow’s Twice Might LLC $12 million for 22-88 Mott Avenue in Far Rockaway. The deal closed on December 14, 2020, and was recorded on January 5, 2021. The transaction consists of 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 60 residential units. The property is 51,000 square feet. The parcel(s) have total development potential of 51,000 square feet.
The sale price per unit is $200,583.
The last time the property sold was September 6, 2012 for $5,900,000.
Direct link to Acris document. link
In the second, Howard Hershkovich through the entity Hf Rockaway LLC paid Gershon Eichorn and Samson Equities’s Galgal Realty LLC $5.3 million for 18-15 Everdell Avenue in Far Rockaway. The deal closed on December 14, 2020, and was recorded on January 5, 2021. The transaction consists of 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 24 residential units. The property is 24,000 square feet. The parcel(s) have total development potential of 24,000 square feet.
The sale price per unit is $222,500.
The last time the property sold was February 12, 2014 for $2,350,000.
Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $325,470.
Direct link to Acris document. link
In the third, Howard Hershkovich through the entity Hf Rockaway LLC paid Gershon Eichorn, Jonathan Steckler’s Nameoke Holdings LLC $5.2 million for 11-27 Nameoke Street in Far Rockaway. The deal closed on December 14, 2020, and was recorded on January 5, 2021. The transaction consists of 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 17 residential units. The property is 13,912 square feet. The parcel(s) have total development potential of 13,912 square feet.
The sale price per unit is $304,000..
The last time the property sold was September 30, 2014 for $1,720,000.
Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $417,915.
Direct link to Acris document. link
In the fourth, Howard Hershkovich through the entity Hf Rockaway LLC paid Gershon Eichorn’s Mazmat Realty LLC $2.5 million for 11-36 Mcbride Street and 11-38 Mcbride Street in Far Rockaway. The deal closed on December 14, 2020, and was recorded on January 5, 2021. The transaction consists of 2 parcels, including the tax class multifamily, five to six families (C2) and containing 12 residential units. The property is 6,300 square feet. The parcel(s) have total development potential of 12,600 square feet.
The sale price per unit is $204,750..
The last time the property sold was February 12, 2016 for $1,450,000.
Direct link to Acris document. link