Mohammed M. Rahman Acquires Apartment Building In Elmhurst, Queens For $7.02M

The apartment property located at 40-23 74th Street in Elmhurst, Queens has been sold in a recent transaction. The property, which falls under the R6, R5, and C2-3 zoning designations, offers a total building square footage (BSF) of 9,234. The price for this transaction was $7,022,950, resulting in a price per BSF of $760. The property spans a total square footage (SF) of 13,338, equating to a price per SF of $526. The lot size is 3,800, with lot dimensions of 40 ft x 95 ft. The property previously sold for $1,220,000 on March 4, 2014, and underwent an alteration permit on December 7, 2020. The property falls under tax class 2B and has a floor area ratio (FAR) of 3.51.

Summary of transaction details

• Property Type: Apartment
• Transaction Amount: $7,022,950
• Market: Elmhurst, Queens
• Buyer: Mohammed M. Rahman
• Seller: Xueqin Liu

Mohammed M. Rahman acted as the buyer for this transaction, while Xueqin Liu served as the seller. The property's last sale date was on January 28, 2022. The permit for alteration was obtained on December 7, 2020. It is important to note that no additional details are available regarding the individuals or companies involved in this transaction.