David Cohen Acquires 87-40 121st Street, Richmond Hill, Queens For $46.5M

The commercial property located at 87-40 121st Street in Richmond Hill, Queens was recently sold in a closed transaction. The sale took place on January 27, 2022, and the property was purchased for a total of $46,500,000. The property has a building square footage of 82,868 and a price per square foot of $561. The lot size is 21,750 square feet and the property is classified as a commercial asset under M1-5 zoning. The transaction also included an alteration permit issued on October 24, 2017.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $46,500,000
• Address: 87-40 121st Street, Richmond Hill, Queens
• Market: Richmond Hill, Queens
• Buyer: David Cohen
• Seller: Robert E. Poole
• Price per Square Foot: $561
• Building Square Footage: 82,868
• Lot Size: 21,750 square feet
• Tax Class: 4

The buyer in this transaction, David Cohen, acquired the property from the seller, Robert E. Poole. The property's floor area ratio (FAR) is 3.81. The last recorded sale of the property was on November 1, 2013, for a price of $2,600,000. The property's dimensions are 259.42 feet by 177.42 feet.