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

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SOLD
$6,800,000

New York

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Office18,600 SF
Sold 12/20/2021
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SOLD

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

134-35 Springfield Boulevard, Queens, New York 11413, United States

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Office18,600 SF
Sold 12/20/2021
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$365
Total Square Footage:18,600 SF
Transaction Type:Sale

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.

Players

David Speiser
7 deals$84.5M volume
BROKER

Details

SOLD
IMAGE: 12/20/2021 ADDRESS: 134-35 Springfield Boulevard MARKET: Laurelton, Queens ASSET TYPE: Office ~ ZONING: R5D, C2-3 BUYER: Nilesh S Shah SELLER: David Speiser PRICE: $6,800,000 BSF: 40,000 ~ PPBSF: $170 SF: 18,600 ~ PPSF: $365 FAR: 0.93 TAX CLASS: 4 LOT SIZE: 20,000 LAST SALE PRICE: $5,003,056 (01/28/2016) PERMITS: Alteration 2 (12/27/2019) LOT DIMENSION: 126 ft x 200 ft

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