Grigory Shimonov Purchases Retail Property In Fresh Meadows Queens From Seymour Magier For $3.4M
190-11 Union Turnpike
$3,400,000
$581/SF
Building Size
5,850 SF
Asset Type
Retail
Closing
Jul 29, 2026
About this deal
AI
Grigory Shimonov purchased a 5,850-square-foot retail property at 190-11 Union Turnpike in Fresh Meadows, Queens, from Seymour Magier for $3.4 million. The transaction represents an outer-borough commercial retail trade executed at $581 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,400,000
- Address: 190-11 Union Turnpike
- Market: Fresh Meadows, Queens
- Square Footage: 5,850
- Price Per Square Foot: $581
- Buyer: Grigory Shimonov
- Seller: Seymour Magier
The transaction highlights the engagement of Grigory Shimonov as the buyer and Seymour Magier as the seller, marking a significant retail acquisition in the Fresh Meadows area. The deal reflects active commercial property interest in the outer boroughs of New York City.
Players
Fresh Meadows Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93