RJ Capital Holdings Acquires Retail Building In Briarwood, Queens For $7.5M

RJ Capital Holdings has acquired a retail building located at 138-13 and 138-21 Queens Boulevard in Briarwood, Queens. The property was purchased from A&R Properties Group for a total sale price of $7.5 million. The deal, closed on May 24, 2023, includes properties with a total of 8,890 square feet of built space and 26,550 square feet of additional air rights. This allows for a potential total buildable area of 35,400 square feet.

Summary of transaction details

• Property Type: Retail
• Sale Price: $7,500,000
• Building Square Footage: 8,890 SF
• Price per Square Foot: $844

The buyer in this transaction is RJ Capital Holdings, represented by Rudolf Abramov. On the other side of the deal, the seller is A&R Properties Group, represented by Noorollah Asherian, Shokrollah Rehanian, and Farajollah Benji.