Matthew Lawrence & Anivelca Cordova Acquire Retail Building In Sunnyside, Queens For $7M

A retail building located at 43-12 50th Street in Sunnyside, Queens has been sold for $7,000,000. The property, with a lot size of 10,450 square feet, features a total square footage of 19,960. The price per square foot for the transaction is $350. The building has a buildable square footage of 41,800, resulting in a price per buildable square foot of $167. The property is zoned as R7A and C1-4, allowing for a variety of uses. The lot dimensions are 102 feet by 100 feet.

Summary of transaction details:

• Property Type: Retail Building
• Transaction Amount: $7,000,000
• Address: 43-12 50th Street, Sunnyside, Queens
• Market: Sunnyside, Queens
• Zoning: R7A, C1-4
• Buyer: Matthew Lawrence & Anivelca Cordova
• Seller: Donna Haddad
• Price per Square Foot: $350
• Buildable Square Footage: 41,800
• Price per Buildable Square Foot: $167
• Lot Size: 10,450 square feet
• Lot Dimensions: 102 ft x 100 ft

The transaction was closed on April 11, 2022, with permits for alteration obtained on April 19, 2022. The property is classified under tax class 4. The transaction represents a floor area ratio (FAR) of 1.91.