David Murdakhayev Purchases Retail Building From Montperia Group For $3.5M In Queens

A retail building located at 180-32 Union Turnpike in Jamaica Estates, Queens, has been sold for $3,500,000. The asset spans 4,400 square feet, resulting in a price per square foot of $795. The buyer, 180 Ut LLC, anticipates a cash-flowing use for the property.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $3,500,000
• Building Size: 4,400 SF
• Price per Built Square Foot: $795
• Buyer: David Murdakhayev
• Seller: Alex Lau - Montperia Group
• Market: Jamaica Estates, Queens
• Building Size in BSF: 4,480
• Price per BSF: $781

David Murdakhayev represented 180 Ut LLC in the transaction, acquiring the property from Alex Lau, who is affiliated with Montperia Group, marking a notable change in ownership within the retail segment of the Jamaica Estates market.