Payam Kermanian Acquires Commercial Property In Ditmars - Steinway, Queens For $6.6M

The commercial property located at 29-14 20th Avenue, 29-18 20th Avenue, and 29-10 20th Avenue in Ditmars - Steinway, Queens has been sold. The property is zoned as R5 and C2-3, allowing for various commercial uses. The sale took place on 04/12/2022 with a purchase price of $6,626,000. The property has a building square footage (BSF) of 23,750 and a price per BSF of $278. The total square footage (SF) of the property is 15,100 with a price per SF of $438. The lot size is 7,500 and the lot dimension measures 75 ft x 100 ft. The property has a floor area ratio (FAR) of 1.00 and is classified as tax class 4. An alteration permit was issued on 11/02/2021.

Summary of Transaction Details

• Property Type: Commercial
• Transaction Amount: $6,626,000
• Market: Ditmars - Steinway, Queens
• Zoning: R5, C2-3
• BSF: 23,750
• PPBSF: $278
• SF: 15,100
• PPSF: $438
• Lot Size: 7,500
• Permits: Alteration (11/02/2021)
• Lot Dimension: 75 ft x 100 ft

The buyer in this transaction is Payam Kermanian, while the seller is Richard Bruno.