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Gerald Apollon Acquires Office In Kew Gardens From Gang Xie For $2.4M With Mitra Hakimi As The Broker

Property Image
SOLD
$2,400,000

New York

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Office3,118 SF
Sold 12/17/2025
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Property Image
SOLD

Gerald Apollon Acquires Office In Kew Gardens From Gang Xie For $2.4M With Mitra Hakimi As The Broker

124 28 Queens Boulevard

See Similar Deals
Office3,118 SF
Sold 12/17/2025
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$769
Total Square Footage:3,118 SF
Transaction Type:Sale

The property asset involved in this transaction is an office located at 124-28 Queens Boulevard in the Kew Gardens market. The sale price of the property was $2,400,000, encompassing a total square footage of 3,118, which equates to a price per square foot of $769.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $2,400,000
  • Square Footage: 3,118
  • Price per Square Foot: $769
  • Buyer: Gerald Apollon
  • Seller: Gang Xie
  • Buyer's Representative: Mitra Hakimi - Mitra Hakimi Realty Group
  • Sale Date: 12/17/2025

Mitra Hakimi, representing the buyer Gerald Apollon, has been an active Real Estate Broker in the Kew Gardens, Queens neighborhood since 1986, indicating a long-standing presence and experience in the area.

Players

Mitra Hakimi
Mitra Hakimi Realty Group
Mitra Hakimi
5 deals$11.2M volume(718) 268-5588
BROKER

Details

SOLD
IMAGE: Mitra Hakimi DATE: 12/17/2025 ADDRESS: 124-28 Queens Boulevard MARKET: Kew Gardens ASSET TYPE: Office BUYER: Gerald Apollon SELLER: Gang Xie BUYER'S REP: Mitra Hakimi (@mitrahakimirealtygroup) - Mitra Hakimi Realty Group SALE PRICE: $2,400,000 SF: 3,118 ~ PPSF: $769 NOTE FROM BUYER'S REP: Mitra Hakimi has been an active Real Estate Broker in the Kew Gardens, Queens neighborhood since 1986.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$127,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
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