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
Long Island City Parking Lot Market Snapshot
Boundary boundary · Parking Lot · Sale transactions
Loading comparables…
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