Joseph Ciampa affiliate buys 78% stake in Ciampa Organization rental in Rego Park, valued at $18.4M
Joseph Ciampa of the Ciampa Organization through the entity Ciampa 63-36 Realty LLC acquired through a related party sale with the Ciampa Organization entity Ciampa Metropolitan LLC an approximately 78 percent stake in the 66-unit residential elevator building (D1) at 63-36 98th Place in Rego Park, Queens. The transfer valued the property at $18.4 million. The expected use is cash flowing. PincusCo does not consider…
