Swayne Shu Acquires Retail Property On Queens Boulevard For $9M

The property at 107-40 Queens Boulevard in Forest Hills, Queens has been sold in a transaction. The property is a retail asset occupying the 1st and 2nd floors and spans a total of 14,587 square feet. The sale price for this property was $9,000,000, resulting in a price per square foot of $617. This equates to a cap rate of approximately 5.8%.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $9,000,000
• Square Footage: 14,587
• Price per Square Foot: $617
• Address: 107-40 Queens Boulevard
• Market: Forest Hills, Queens

The buyer of the property is Swayne Shu, while the seller is Charles Light. The deal was facilitated by brokers Thomas Donovan, Tommy Lin, Eugene Kim, and Robert Rappa, who represent B6 Real Estate Advisors. For more information or inquiries about similar properties, you can reach out to the broker team at [email protected].