Massey Knakal Retained Exclusively To Market Senior Loan For Beachfront Condo Complex In Far Rockaway
Massey Knakal Realty Services has been retained on an exclusive basis to market the senior non-performing loan collateralized by an apartment buildingat 120 Beach 26th Street.
120 Beach 26th Street is a 15-story luxury building, known as The Metroplex, located on the south side of Beach 26th Street running block through to Beach 25th Street in Far Rockaway, Queens. It contains approximately 125,874 square feet and sits on a 224’ x 195’ lot and consists of 126 residential units, one community facility space, and an internal parking garage. Each unit features hardwood floors, granite countertops, washer/dryer hook-ups, wood cabinetry, and ocean views. The building will be delivered vacant and the units’ high-end finishes make it suitable for potential condominium sellout or luxury rental.
This loan is being marketed exclusively by Massey Knakal’s James Nelson and Matt Nickerson.
Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,700 transactions having a market value in excess of $19 billion.