Nilesh S Shah Acquires Office Building In Laurelton, Queens For $6.8M

A commercial office building located at 134-35 Springfield Boulevard in Laurelton, Queens has been sold in a recent transaction. The property, with a lot size of 20,000 square feet and a FAR of 0.93, is zoned as R5D and C2-3. The building has a total square footage of 18,600 and a price per square foot of $365. The transaction price for the property was $6,800,000, with a building square footage (BSF) of 40,000 and a price per BSF of $170. The previous sale of the property took place on January 28, 2016, for a price of $5,003,056. A permit for alteration was issued on December 27, 2019.

Summary of Transaction Details:

• Property Type: Office
• Transaction Amount: $6,800,000
• Market: Laurelton, Queens
• Address: 134-35 Springfield Boulevard
• Zoning: R5D, C2-3
• Lot Size: 20,000 square feet
• Building Square Footage (BSF): 40,000
• Price per BSF: $170
• Total Square Footage (SF): 18,600
• Price per SF: $365
• Last Sale Price: $5,003,056 (01/28/2016)
• Permits: Alteration 2 (12/27/2019)
• Lot Dimension: 126 ft x 200 ft
• Tax Class: 4

The buyer in this transaction was Nilesh S Shah, while the seller was David Speiser.