David Augarten Acquires Multi-Use Property In Far Rockaway, Queens For $90.4M

The multi-use property located at 5119 Beach Channel Drive & 51-17 Rockaway Beach Blvd in Far Rockaway, Queens has been sold in a recent transaction. The property is zoned as C4-3A and offers various use possibilities. It encompasses a total of 53,322 BSF (Building Square Feet) with a price per BSF of $1,695. The total square footage (SF) of the property is 13,000, resulting in a price per SF of $6,954. The lot size measures 17,774 square feet, with dimensions of 120.24 ft x 160.84 ft. The FAR (Floor Area Ratio) of the property is 0.73, indicating the ratio between the total floor area and the size of the lot. The property has a tax rate of 4.

Summary of transaction details

• Property Type: Multi-Use
• Transaction Amount: $90,400,000
• Buyer: David Augarten
• Seller: Daniel Moritz
• Last Sale Price: $19,000,000 (5/5/2016)

The sale was facilitated by David Augarten as the buyer and Daniel Moritz as the seller. The transaction price for the property was $90,400,000. The previous sale price for the property was $19,000,000 on May 5, 2016. The deal represents a significant increase in value since the last transaction.