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Prime 20 Units Development Site 1260 Central Ave 3 Unit Apartment Building $2,093,880 CAD ($697,960 CAD/Unit) Far Rockaway, NY 11691
EXECUTIVE SUMMARY
Property is located in a Prime area of Far Rockaway on Central Avenue and is currently an existing large 3 family home with 4 garages and is Zoned for R5 for up to 20 Units.
Lot Size: 65' x 143. with a FAR of 1.5. Price is Negotiable. Lot features dual access from Central Avenue through to and Augustina Ave providing excellent access and parking advantages.
Property can be delivered vacant.
Nearby are schools a new Library and great access to Subways, Bus Serve and LIRR. Excellent Shopping and other Services
Lot Size: 65' x 143. with a FAR of 1.5. Price is Negotiable. Lot features dual access from Central Avenue through to and Augustina Ave providing excellent access and parking advantages.
Property can be delivered vacant.
Nearby are schools a new Library and great access to Subways, Bus Serve and LIRR. Excellent Shopping and other Services
PROPERTY FACTS Under Contract
| Price | $2,093,880 CAD | Building Class | C |
| Price Per Unit | $697,960 CAD | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 2,617 SF |
| Sale Condition | Redevelopment Project | No. Stories | 3 |
| No. Units | 3 | Year Built | 1920 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | R5 - R5 Allows for a variety of housing types at a higher density than lower-density residential districts. | ||
| Price | $2,093,880 CAD |
| Price Per Unit | $697,960 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 2,617 SF |
| No. Stories | 3 |
| Year Built | 1920 |
| Opportunity Zone |
Yes |
| Zoning | R5 - R5 Allows for a variety of housing types at a higher density than lower-density residential districts. |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 3+1 | 2 | - | - |
Walk Score®
Very Walkable (84)
Transit Score®
Excellent Transit (73)
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Prime 20 Units Development Site | 1260 Central Ave
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