KSR Capital Acquires Retail Property In Astoria For $3.975M With Daniel Rahmani - Capital Property Partners

Located in Astoria's market, the retail property at 22-56 31st St. was recently sold in a closed transaction. The property sits on a parcel with a zoning classification of R5B and C4-2A, making it suitable for various purposes.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $3,975,000
• Address: 22-56 31st St.
• Market: Astoria
• Zoning: R5B, C4-2A

The buyer of the property was KSR Capital, represented by Morris Sabbagh, Abraham Kassin, and Jack Zalta. On the other hand, the seller was 22-56 Realty Corp., with Irene Rallis as the owner.

Facilitating the transaction was Daniel Rahmani from Capital Property Partners, who acted as the broker in this deal.

The property boasts a building square footage (BSF) of 22,263, translating to a price per BSF of $178. Additionally, it offers a total square footage (SF) of 6,456, equating to a price per SF of $615.