Richard Zavlyanov's Diamond Dev. Group Acquires Ocean Hill Dev Site For $1.55M

A development site located at 258-262 Rockaway Avenue in Ocean Hill, Brooklyn has been sold for $1,550,000. The property, situated on a 75 ft x 100 ft lot (7,500 SF), offers a development potential with a zoning classification of R6 and a floor area ratio (FAR) of 3.0. The buyer and developer is Richard Zavlyanov of Diamond Dev. Group, while Jacquelyn Bryden acts as the seller.

Summary of Transaction Details

• Property Type: Development Site
• Transaction Amount: $1,550,000
• Market: Ocean Hill, Brooklyn
• Address: 258-262 Rockaway Avenue
• Zoning: R6
• FAR: 3.0

Richard Zavlyanov, representing Diamond Dev. Group, facilitated the acquisition of this development site. The sale price equates to a price per buildable square foot (PPBSF) of $86. With a total buildable square footage (BSF) of 18,000, the transaction presents an opportunity for future development in the area.