ITZHAKI PROPERTIES NEGOTIATES APARTMENT BUILDING SALE

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NEW YORK CITY — New York City-based Itzhaki Properties has negotiated the sale of a 6,672-square-foot residential property located at 6834 Forest Ave. in Queens, New York City, for $1.75 million. The building comprises four retail stores on the ground floor and five apartments. Ami Efrati of Itzhaki represented the buyer, Kei Kei Enterprise, and Ohad Meishar, also of Itzhaki, represented the seller, Beth Page Realty. The property traded at a capitalization rate of 6.7 percent.

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