Maheshchand Ratanji pays $6M to Scott Milchman for office property in Ocean Hill

Maheshchand Ratanji through the entity Far Rockaway Equities LLC paid Scott Milchman’s Eastern Industrial Development Corp. $6.2 million for 2384 Atlantic Avenue in Ocean Hill. The deal closed on December 13, 2019, and was recorded on January 3, 2020. The transaction consists of 1 parcel, including the tax class office building with two to six stories (O2). The property is 28,716 square feet. The parcel(s) have total development potential of 58,816 square feet.
The average sale price per square foot is $105.

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