Zev Mayer Acquires Development Site In Far Rockaway From Kings USA Group For $4.85M

The development site located at 204 Beach 28th Street & 201 Beach 27th Street in the Far Rockaway market has been sold for a price of $4,850,000. The total approved building square footage (BSF) for this site is 103,360, with a price per building square foot (PPBSF) of $75. The site offers a significant opportunity for development.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $4,850,000
• Buyer: Zev Mayer
• Seller: Kings USA Group, Francisca Simmons
• Broker: David Ravvin - Meridian Capital Group
• Buyer's Attorney: Dan Weinberger - Breuer Herskowitz, LLP
• Seller's Attorneys: Chelsea Wu - HC Law & Associates, P.C. & Irene Nwanyanwu - Anele & Associates, P.C.
• Building Square Footage: 64,710
• Approved BSF: 103,360

The key representatives involved in this transaction include David Ravvin from Meridian Capital Group, who acted as the broker. The buyer's legal representation was provided by Dan Weinberger from Breuer Herskowitz, LLP, while the seller was represented by Chelsea Wu from HC Law & Associates, P.C. and Irene Nwanyanwu from Anele & Associates, P.C.