Harbens Singh Acquires Retail Property In Richmond Hill For $8.6M

The retail property located at 108-03 Atlantic Ave in Richmond Hill has been successfully sold for a total price of $8,600,000. The transaction took place on February 14, 2022, and the property spans across 20,000 square feet with a price per square foot of $430. This sale marks one of the highest price-per-foot sales in the neighborhood.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $8,600,000
• Date: 02/14/2022
• Address: 108-03 Atlantic Ave.
• Market: Richmond Hill
• Square Footage: 20,000
• Price Per Square Foot: $430

The buyer of the property is Harbens Singh, represented by Baring Homes LLC. The seller's representative in the deal is Sadya Liberow of Asset Commercial Realty Group. The building, constructed in 2017, is fully leased with Dollar Tree as the anchor tenant. Additionally, the buyer has the potential for future upside with an additional 45,000 buildable square feet available.

Asset Commercial Realty Group, led by Sadya Liberow, facilitated the sale of 108-03 Atlantic Ave. They are currently in negotiations for several other NNN/NN properties in NYC. For those interested in purchasing or a complimentary property evaluation, please contact Sadya Liberow at 646.363.6175 or [email protected].