Isaac Malekan Acquires Development Site In Arverne, Far Rockaway For $1.7M

A development site located at 64-04 and 64-08 Beach Channel Dr in Arverne, Far Rockaway has been sold for $1,700,000. The property offers a total buildable square footage (BSF) of 24,000 at a price per buildable square footage (PPBSF) of $71. The seller, Abdo Alkaifi, successfully closed the transaction with the buyer, Isaac Malekan.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $1,700,000
• Address: 64-04 and 64-08 Beach Channel Dr, Arverne, Far Rockaway
• Market: Arverne, Far Rockaway
• BSF: 24,000
• PPBSF: $71
• Seller: Abdo Alkaifi
• Buyer: Isaac Malekan

Jesse Cirolli, representing the seller, facilitated the deal, while Richard Torres acted as the buyer's representative.