Leary, Kim, Vintonik, and Dyke of CPEX sell Brooklyn development site for $1.85 million

Brooklyn, NY The CPEX Development & Conversion Sales Team has sold a development site in the Far Rockaway section for $1.85 million.

The property consists of two adjacent tax lots bounded by Seagirt Blvd., Heyson Rd., and Beach 13th St., which have a combined irregular footprint of 18,037 s/f. Zoned C1-3/R5, the property has a floor area ratio of 1.25 for residential use and 1.00 for commercial use, allowing for 22,546 buildable s/f for a mixed-use development.

CPEX’s Development Sales Team, consisting of managing partner Brian Leary and associate directors Jidan Kim, Catherine Vintonik, and Sutherland Dyke, represented the seller and procured the buyer.

“Rockaway has not just been rebuilt following Hurricane Sandy, but has seen a resurgence in development and investment,” said Leary. “The rising value of its real estate assets reflects Rockaway’s accessibility via bicycle, train, or vehicle as one of the country’s only commutable urban beach towns.”

Tags: Brokerage

Reprint

Previous Story Next Story

CBRE broker $14.9 million sale of Lexington Riverview in Fair Lawn, N.J.

Fair Lawn, NJ Representatives of CBRE, led by Jeffrey Dunne, Stuart MacKenzie, Eric Apfel, Travis Langer, and Eric Greenberg of CBRE Institutional Properties, in partnership with Charles Berger of CBRE Investment Properties,

Carvel, Cinnabon and Auntie Anne’s to open combination location at One Sixteen in Rockaway Park

Investment Property Realty Group closes $2.65 million sale of 723 6th Ave. in Greenwood Heights

IPRG closes $2.65m sale of 723 6th Ave.

CM&B completes 15,000 s/f Activate Games NYC debut in Union Square

Neighborhoods, not apartment complexes, build resilient communities that are safer, healthier, and more prosperous - by Paul Adler

Neighborhoods, not apartment complexes, build resilient communities - by Paul Adler

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Brokerage

SL Green Realty signs two leases covering 56,674 s/f at 1185 Avenue of the Americas

Columns and Thought Leadership

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking