Nicole Ausubel Acquires Apartment Building In Far Rockaway, Queens For $3M

An apartment building located at 311 Beach 53 Street in Far Rockaway, Queens has been sold in a recent transaction. The property spans a total of 11,016 square feet and consists of an apartment building with a buildable square footage (BSF) of 13,500. The sale price for the property was $3,000,000, resulting in a price per buildable square foot (PPBSF) of $222, and a price per square foot (PPSF) of $272. The property has a floor area ratio (FAR) of 1.02 and is classified under tax class 2. The lot size measures 10,800 square feet, with lot dimensions of 111.65 feet by 104.85 feet. The property has previously been permitted for alteration 2 on October 8, 2014.

Summary of transation details

• Property Type: Apartment Building
• Transaction Amount: $3,000,000
• Market: Far Rockaway, Queens
• Zoning: R5, C1-2
• Buyer: Nicole Ausubel
• Seller: Christopher Gerhart

The buyer of the property is Nicole Ausubel, while Christopher Gerhart is the seller. No additional information about the deal's key individuals or companies is available at this time.