Far Rockaway Development Site [36,093 SF Buildable]
Purchase Price: $1,805,000 ($50/SF) [(ALL CASH, NO CONTIGENCIES)]
Buyer Pays a 6% Commission.
Description: (this property will be sold with another piece of land adjacent to this property, that land parcel is 40 x 100)
Size: Lot size is approximately 48,125 square feet
Buildable SF: 36,093 square feet buildable.
Price/SF: $50
Zoning: R4 & R4-1
F.A.R.: .75
Location: Property Is near Five-Towns, Atlantic Beach Bridge, and the Nassau expressway
Potential uses: 40-50 units of residential units of housing
Notes:
The property is zoned R4. The primary parcel of land is 48,125 square feet. This property will be sold with an adjacent lot approximately 40 x 100 square feet (4,000 SF). The additional property can be utilized for beach cabanas for the residents of the primary lot. The property is in a excellent part of Rockaway beach and has tremendous upside development potential. Excellent rental market.
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