Address: 1300-1316 Central Avenue and 1301-1315 Augustina Ave Far Rockaway NY 11412 Between Nameoke and Wheatley Description: Built in the 1965, the subject property has two buildings. Both Central and Augustina are 8 2-family units. Buildings are brick and mason construction, 3 stories high with no basement. Combined, the property consists of 32 individuals units among 16 2-family addresses. Please see below for further Tenant breakdown. Units Consist of an A unit and B Unit; A Unit is located on the 2nd and 3rd floors and are 3 bedrooms and 1.5 Bath, B Unit is located on the 1st and 2nd floors and 2 bedrooms and 1.5 Baths (*Exception is 1306 Central A-4 bed/1.5 bath, B-1 bed/1bath) Lots Range Size 20-22 x 60-100 Built: 1965 Layout: Mixed 2-3 bed/1.5 bath Total apartments: 32 Rooms: 144 Block / Lot: 15535 / 16-52 Zoning: B1-2 F.A.R (built/allowed): 2.91/5 Assessment: $14,823 (2014) per address 1st Mortgage: Delivered Free and Clear Price: $8,025,000 6% CAP Metrics: Average Rent / Unit / Month $ 1,509.66 Price / Per unit $ 250,781.25 Improvements: All building wide systems were upgraded in the last 5 years and are in excellent working condition.
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