Hye-Chun Lee Acquires Commercial Property In Oakland Gardens, Queens For $32M

The commercial property located at 61-01 Springfield Blvd in Oakland Gardens, Queens has been sold for a total price of $32,000,000. The property has a building square footage (BSF) of 41,312 and a price per building square footage (PPBSF) of $774. The total lot size is 82,625 square feet, with a lot dimension of 482 ft x 409 ft. The property falls under zoning categories R3-2 and C1-2 and has a floor area ratio (FAR) of 0.40. The transaction took place on July 28, 2022, and the property is classified as tax class 4. The seller in the deal was Alfredo Li, while the buyer was Hye-Chun Lee.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $32,000,000
• Market: Oakland Gardens, Queens
• Zoning: R3-2, C1-2
• BSF: 41,312
• PPBSF: $774
• SF: 33,050
• PPSF: $968
• FAR: 0.40
• Tax Class: 4
• LOT SIZE: 82,625
• PERMITS: Alteration 2 (11/06/2017)
• LOT DIMENSION: 482 ft x 409 ft

The deal involved Hye-Chun Lee as the buyer and Alfredo Li as the seller. Note that there are no additional details available regarding brokers or representatives in this transaction.