| This sale represents a 7,788 sq. ft. residential development site with approximately 55.5’ of frontage on Ocean Avenue. Area market proved to be resistant to downturn in the economy, showing excellent sales figures. The R7A zoning affords a floor-to-area ratio of 4.0 and will allow for a maximum of approximately 31,150 buildable square feet. The offering price equates to $62.60 per buildable square foot. Local transportation includes the B & Q subway lines at Kings Highway & the B82, B100, B2, B49, B31 city bus lines. |