Paul Volynsky Purchases Retail Property From The Koptiev Family For $1.25M In Hollis

A retail property located at 246-10 Francis Lewis Boulevard in Hollis has been sold for $1,250,000. The single-story building consists of two units and has a total square footage of 2,750, resulting in a price per square foot of $454. The property is currently 100% occupied, with both retail tenants having operated at this location for over 40 years and working under month-to-month leases.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,250,000
• Square Footage: 2,750
• Price Per Square Foot: $454
• Address: 246-10 Francis Lewis Boulevard
• Market: Hollis
• Buyer: Paul Volynsky
• Seller: The Koptiev Family
• Broker Representatives: Scott Plasky & William Stephan - Marcus & Millichap

Scott Plasky and William Stephan represented the seller, the Koptiev Family, in the transaction. Their expertise facilitated the sale of this well-established retail asset, which has been a stable source of income due to its long-term tenants.