Ridwan Kabir Acquires Office Building In Hollis Queens From Shahid Ali For $4.3M
189-10 Hillside Avenue
$4,300,000
$244/SF
Building Size
17,600 SF
Asset Type
Office
Closing
May 28, 2026
About this deal
AI
Ridwan Kabir has acquired an office building at 189-10 Hillside Avenue in Hollis, Queens. The sale involved a total price of $4.3 million for the property, which spans 17,600 square feet, resulting in a price per square foot of approximately $244.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,300,000
- Address: 189-10 Hillside Avenue
- Market: Hollis, Queens
- Square Footage: 17,600
- Price per Square Foot: $244
- Buyer: Ridwan Kabir
- Seller: Shahid Ali
The transaction was facilitated between Ridwan Kabir, who acted as the buyer, and Shahid Ali, the seller. Details highlighting the roles of these individuals underscore the dynamics of the real estate deal.
Players
Hollis Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93