Vision Enterprises Acquires Mixed-Use Property In Bayside, Queens For $12.75M

Located in Bayside, Queens, this mixed-use property at 34-33 and 57 Francis Lewis Blvd. recently changed hands in a closed transaction. The property spans 38,200 square feet and is comprised of 27 units, including 21 apartments, 4 stores, and 2 offices. The transaction was completed for a price of $12,750,000, resulting in a price per square foot of $333. With a capitalization rate of 5.2%, this property offers a promising investment opportunity.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $12,750,000
• Square Footage: 38,200 sf
• Price per Square Foot: $333
• Units: 27 (21 Apartments, 4 Stores, 2 Offices)
• Seller: Darshan Bagga
• Buyer: Vision Enterprises
• Broker: Josh Goldflam & Charles Chang

Represented by the brokerage agency of Josh Goldflam & Charles Chang, the deal involved key individuals like seller Darshan Bagga and buyer Vision Enterprises. The transaction showcases the vibrant real estate market in Bayside, Queens, and highlights the expertise of the brokers involved in successfully facilitating this acquisition.