Eddie Yair pays $3M for development site in Midwood

Eddie Yair through the entity 1730 Ocean Avenue Development, LLC paid Michael Beck and Lawrence Beck’s 1730 Ocean Avenue LLC $3.3 million for 1730 Ocean Avenue in Midwood. The deal closed on March 25, 2020, and was recorded on April 8, 2020. The transaction consists of 1 parcel, including the tax class primarily one family with store or office (S1). The property is 3,000 square feet. The parcel(s) have total development potential of 22,695 square feet.
The average sale price per square foot is $143.

Yair filed plans in August 2019 for a 35-unit, seven-story residential building.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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