Mohammed Malik Acquires Mixed Use Property In Jamaica, Queens For $5.6M

The mixed-use property located at 168-42 Hillside Avenue in Jamaica, Queens has been sold. The property is zoned as R7X, DJ, C2-4 and offers a total building square footage (BSF) of 46,000. With a price of $5,600,000, the price per BSF (PPBSF) is $122. The property spans across 9,897 square feet, resulting in a price per square foot (PPSF) of $566. The lot size is 9,200 square feet with dimensions of 100 ft x 88.33 ft. The previous sale of the property took place on September 1, 2005, with a sale price of $0.

Summary of transaction details

• Property Type: Mixed Use
• Transaction Amount: $5,600,000
• Buyer: Mohammed Malik
• Seller: Kimberly Romano
• Market: Jamaica, Queens
• FAR: 1.08
• Tax Class: 4

Mohammed Malik has purchased the property from Kimberly Romano for a price of $5,600,000. The deal was facilitated by their respective representatives. The property is situated in the market of Jamaica, Queens and has a floor area ratio (FAR) of 1.08. It falls under tax class 4. The transaction marks a significant transfer of ownership in the mixed-use property market.