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Shalom Malul Purchases Commercial Property From Martin Oliner In Pomonok Queens For $3.88M
SOLD
$3,880,000
New York
See Similar DealsCommercial2,000 SF
Sold
SOLD
Shalom Malul Purchases Commercial Property From Martin Oliner In Pomonok Queens For $3.88M
161-09 Union Turnpike
See Similar DealsCommercial2,000 SF
Sold
Summary
NEW YORK
Asset Type:Commercial
Price Per Square Foot:$1940
Total Square Footage:2000 SF
Transaction Type:Sale
A 2,000 square foot commercial property located at 161-09 Union Turnpike in Pomonok, Queens, was sold for $3.88 million, approximating to $1,940 per square foot. The sale was finalized on February 2, 2026, with Martin Oliner acting as the seller in this transaction.
Summary of transation details:
- Property Type: Commercial
- Transaction Amount: $3,880,000
- Buyer: Shalom Malul
- Seller: Martin Oliner
- Sale Date: 02/02/2026
- Square Footage: 2,000
- Price per Square Foot: $1,940
- Market: Pomonok, Queens
This transaction was facilitated with Shalom Malul as the buyer acquiring the property from Martin Oliner. The deal involved representatives managing the transaction, yet specific details regarding additional brokerage representation have not been disclosed.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$206,933.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,784.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,393.18
Annual Debt Service$220,718.15
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