VKM Equities Purchases Development Site In Far Rockaway For $550,000

The development site located at 63-15 Beach Channel Drive in Far Rockaway was sold for $550,000. The property encompasses 10,000 square feet, resulting in a price per square foot of $55. The transaction took place on April 9, 2024, with Kevin M. Nokaj and Vincent Mastronardi of VKM Equities acquiring the asset from Hudson Homes. Edward Svec represented the parties as the broker involved in the deal.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $550,000
• Address: 63-15 Beach Channel Drive
• Market: Far Rockaway
• BSF: 10,000
• Price per Square Foot: $55
• Buyer: Kevin M. Nokaj & Vincent Mastronardi - VKM Equities
• Seller: Hudson Homes
• Broker: Edward Svec

Kevin M. Nokaj and Vincent Mastronardi of VKM Equities, LLC were the individuals involved in the acquisition. The buyers expressed their interest in the property through a note included in the transaction details, signifying their active role in the real estate deal.