David Ekstein pays $14M to Mark Caller’s Marcal Group for multifamily property in Arverne

David Ekstein through the entity 301-329 Beach 65th Street LLC paid Mark Caller’s Marcal Group’s Beach 65th St Holdings LLC $14.0 million for 327 Beach 65th Street and others in Arverne. The deal closed on March 4, 2020, and was recorded on March 13, 2020. The transaction consists of 13 parcels, including the tax class three-family (C0) and containing 39 residential units. The parcel(s) have total development potential of 45,053 square feet.
The sale price per unit is $357,692.

The last time the property sold was March 21, 2018, for $6,500,000.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for one of the buildings with 3 residential units on June 19, 2019.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.There has been one new building permit application totaling square feet. Those plans include a total of 3 residential or hotel units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link