SOLD
Swayne Shu Acquires Retail Property On Queens Boulevard For $9M
107 Queens Boulevard
Retail
29,174 SF
29,174 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Retail
29,174 sqft
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].
Players
All
5
Agents
4
Agencies
1
Details
SOLD
IMAGE: Thomas Donovan, Tommy Lin, Eugene Kim & Robert Rappa
DATE: 01/23/2023
ADDRESS: 107-40 Queens Boulevard - 1st & 2nd Floors
MARKET: Forest Hills, Queens
ASSET TYPE: Retail
BUYER: Swayne Shu
SELLER: Charles Light
BROKERS: Thomas Donovan (@TeamDonovan_NYC), Tommy Lin (@TommyLin_B6), Eugene Kim (@EugeneKim_B6) & Robert Rappa (BobtheBroker_B6) - B6 Real Estate Advisors (@B6RealEstate)
SALE PRICE: $9,000,000
SF: 14,587 ~ PPSF: $617
NOTE FROM BROKER: The sale price of $9,000,000 equates to a ~5.8% cap rate and $617 per square foot.
For more information or if you are in the market to buy or sell similar properties, contact us at: [email protected].View on map
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Address107 Queens Boulevard
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