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107 Queens Boulevard
SOLD

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

107 Queens Boulevard

Retail
29,174 SF
clock iconSold 1 year ago
Tommy Lin
Thomas (Tom) Donovan
Robert Rappa
+ 2
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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

Tommy Lin's profile picture
Tommy Lin
B6 Real Estate Advisors-image
Director
$241.2M Sold
Robert Rappa's profile picture
Eugene Kim's profile picture
$204.8M Sold

Details

Deal Summary
minus icon
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].

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Address107 Queens Boulevard

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