Catholic Charities Brooklyn & Queens Acquires Mixed-use Property In Far Rockaway For $4.75M

The mixed-use property located at 18-47 Mott Avenue in Far Rockaway has been sold in a recent transaction. The property is zoned R6, C2-4, DFR, offering versatility in its usage. The sale price for the property was $4,750,000. The building encompasses a total of 26,001 square feet of space, resulting in a price per square foot of $182. The property itself spans 18,190 square feet, commanding a price per square foot of $261. The transaction took place on July 28, 2021.

Summary of Transation Details

• Property Type: Mixed-use
• Transaction Amount: $4,750,000
• Market: Far Rockaway
• Zoning: R6, C2-4, DFR
• Building Square Footage: 26,001
• Price per Square Foot (Building): $182
• Lot Size: 130.92 ft x 83.92 ft

The buyer in this transaction is Catholic Charities Brooklyn & Queens, while the seller is KP Developers represented by Don H. Cohen and Ryan Pedram. The previous sale of the property occurred on June 14, 2005, at a price of $350,000. It is worth noting that this recent transaction marks a significant increase in value compared to the previous sale.