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Koptiev Family Purchases Retail Property From Rafi Schwartz For $4.9 Million In Elmhurst

Property Image
SOLD
$4,900,000
Alex Fuchs
Ben Khakshoor
Aaron Jungreis

New York

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Retail6,525 SF
Sold 08/20/2025
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Property Image
SOLD

Koptiev Family Purchases Retail Property From Rafi Schwartz For $4.9 Million In Elmhurst

138 59 Queens Boulevard & 138 63 Queens Boulevard

See Similar Deals
Retail6,525 SF
Sold 08/20/2025
Alex Fuchs
Ben Khakshoor
Aaron Jungreis
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$751
Total Square Footage:6,525 SF
Transaction Type:Sale

The retail asset involved in the transaction is located at 138-59 Queens Boulevard & 138-63 Queens Boulevard in the Elmhurst market. The sale price for the property was $4,900,000, encompassing a total square footage of 6,525 and a price per square foot of $751.

Summary of transaction details:

This transaction highlights the involvement of the Koptiev Family as the buyer and Rafi Schwartz as the seller. The brokerage team from Rosewood Realty Group, represented by Aaron Jungreis, Ben Khakshoor, and Alex Fuchs, facilitated the completion of this retail property sale.

Players

Aaron Jungreis
Rosewood Realty Group
Aaron Jungreis
202 deals$4.3B volume(212) 359-9900
BROKER
Ben Khakshoor
Rosewood Realty Group
Ben Khakshoor
132 deals$1.9B volume(212) 359-9913
BROKER
Alex Fuchs
Rosewood Realty Group
Alex Fuchs
100 deals$1.9B volume
BROKER
Rosewood Realty Group
Rosewood Realty Group
BROKERAGE

Details

SOLD
IMAGE: Aaron Jungreis, Ben Khakshoor & Alex Fuchs DATE: 8/20/2025 ADDRESS: 138-59 Queens Boulevard & 138-63 Queens Boulevard MARKET: Elmhurst ASSET TYPE: Retail BUYER: Koptiev Family SELLER: Rafi Schwartz BROKERS: Aaron Jungreis (@AaronJungreis), Ben Khakshoor (@BenKhak) & Alex Fuchs (@AlexFuchs1) - Rosewood Realty Group (@RosewoodRG) SALE PRICE: $4,900,000 SF: 6,525 ~ PPSF: $751

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$261,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,408.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,228.50
Annual Debt Service$278,742.00