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531 47th Avenue

Palwinder Singh Acquires Parking Lot In Queens From Antonio Restivo For $6.4M
SOLDParking Lot

Palwinder Singh Acquires Parking Lot In Queens From Antonio Restivo For $6.4M

531 47th Avenue

$6,400,000

Building Size

Asset Type

Parking Lot

Closing

Apr 21, 2026

AI

The asset involved in this transaction is a parking lot located at 531 47th Avenue in Queens. The sale price for the property was set at $6,400,000. This transaction was finalized on April 21, 2026.

Summary of transaction details:

  • Property Type: Parking Lot
  • Transaction Amount: $6,400,000
  • Buyer: Palwinder Singh
  • Seller: Antonio Restivo
  • Transaction Date: April 21, 2026
  • Market: Queens
  • Address: 531 47th Avenue

Palwinder Singh is the buyer in this deal, acquiring the property from seller Antonio Restivo. The transaction focuses on the interests of both parties, highlighting their involvement in the purchase and sale of the asset.

Players

Palwinder Singh

Buyer

$17.1M

vol

3 deals

Buyer

Long Island City Parking Lot Market Snapshot

Boundary boundary · Parking Lot · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.48%

Cash-on-Cash

-0.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93