Carmine Evangelista Acquires Development Site In Far Rockaway For $2.9M

A development site located at 157 Beach 96th Street in Far Rockaway has been sold for $2,900,000. The property, situated on a lot measuring 50 ft x 100 ft, is zoned as R5D. The site offers a total buildable square footage (BSF) of 10,000, translating to a price per buildable square footage (PPBSF) of $290. The transaction took place on September 2, 2021.

Summary of transaction details:

• Property Type: Development Site 🏗
• Transaction Amount: $2,900,000
• Address: 157 Beach 96th Street
• Market: Far Rockaway
• Zoning: R5D
• Lot Dimensions: 50 ft x 100 ft
• BSF: 10,000
• PPBSF: $290
• Date: September 2, 2021

The buyer of the property is Carmine Evangelista. The transaction was facilitated by Greg Corbin and Brandon Serota of Rosewood Realty Group, acting as the buyer's representatives.

It's worth noting that the construction on the site has been stalled, as mentioned by the brokers.