The Ahdoot Family Acquires Far Rockaway Development Portfolio For $12 Million With Ariel Property Advisors

The property involved in this transaction is a development site located at Far Rockaway Development Portfolio, specifically at 24-00 Seagirt Blvd, Beach 29th St & Beach 30th & 31st St in Far Rockaway, Queens. The sale price for the property is $12,000,000, with a total building square footage (BSF) of 158,465, resulting in a price per BSF of $76.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $12,000,000
• Building Square Footage: 158,465
• Price per Square Foot: $76
• Buyer: The Ahdoot Family
• Broker Representatives: Sean R. Kelly, Esq., Stephen Vorvolakos & Nicole Daniggelis - Ariel Property Advisors

Note from the broker highlights the details of the individual parcels within the development: 24-00 Seagirt Boulevard has a BSF of 33,155 priced at $2,800,000, Beach 29th Street has a BSF of 46,139 priced at $3,450,000, and Beach 30th & 31st St has a BSF of 79,171 priced at $5,750,000.