Joel Zupnick Acquires Commercial Property In Jamaica, Queens For $59.7M

The commercial property located at 94-01 Sutphin Boulevard in Jamaica, Queens has been sold for a total price of $59,700,000. This property, with a building square footage (BSF) of 601,380, was sold at an average price of $99 per square foot (PPSF). The total lot size is 60,138 square feet, with dimensions of 425.33 feet by 200.17 feet. The property is zoned as C6-4, DJ, and falls under tax class 4. It has a floor area ratio (FAR) of 10 for residential use. The property also has an alteration 3 permit issued on 03/11/2015.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $59,700,000
• Market: Jamaica, Queens
• Zoning: C6-4, DJ
• Buyer: Joel Zupnick
• Seller: Elizabeth Farrell
• Building Square Footage (BSF): 601,380
• Price Per Square Foot (PPSF): $99
• Lot Size: 60,138 square feet
• Tax Class: 4
• Floor Area Ratio (FAR): 10 (Residential)
• Permits: Alteration 3 (03/11/2015)
• Lot Dimension: 425.33 ft x 200.17 ft

Joel Zupnick acted as the buyer in this transaction, while Elizabeth Farrell was the seller. These two individuals successfully completed the sale of this commercial property in Jamaica, Queens.