Ilan Cohen Of Daniel Group Buys Retail Buildings In Jamaica, Queens For $7.5M

The retail buildings at 175-06 Hillside Avenue, 175-06 175th Street, and 87-17 175th Street in Jamaica, Queens, were sold for $7.5 million. The total square footage of the property is 89,972, with a price per square foot of $83. The individual square footage of the buildings is 8,385, with a price per square foot of $894.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $7,500,000
• Address: 175-06 Hillside Avenue, 175-06 175th Street & 87-17 175th Street
• Market: Jamaica, Queens
• Buyer: Ilan Cohen - Daniel Group
• Seller: Hemalatha Sabapathy
• BSF: 89,972
• PPBSF: $83
• SF: 8,385
• PPSF: $894

Throop LLC, part of Daniel Group, completed the acquisition of these retail buildings in Jamaica, Queens. The transaction involved the buyer, Ilan Cohen representing Daniel Group, purchasing the property from the seller, Hemalatha Sabapathy. The deal was valued at $7.5 million, marking a significant investment in the retail sector in Queens.