Israel Weinberger through the entity 2 Beach 102 LLC, along with other entities, paid Alphonse Catanese Jr., $11.3 million for 2-34 Beach 102nd Street in Rockaway Park. The deal closed on September 4, 2019, and was recorded on September 23, 2019. The transaction consists of 1 parcel, including the tax class professional-type office building (O7). The property is 163,380 square feet. The parcel(s) have total development potential of 163,380 square feet.
The average sale price per square foot is $121.
The estimated cap rate is 2.7%
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building on April 10, 2019.