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67 29 Main Street

Gil Zaburov Acquires Retail Property From Sedgh Family In Kew Gardens Hills For $7.5M
SOLDRetail

Gil Zaburov Acquires Retail Property From Sedgh Family In Kew Gardens Hills For $7.5M

67 29 Main Street

$7,500,000

$547/SF

Building Size

13,700 SF

Asset Type

Retail

Closing

Jun 24, 2025

AI

The retail property located at 6703-6729 Main St. in Kew Gardens Hills has a sale price of $7,500,000. The total square footage of the asset is 13,700, resulting in a price per square foot of $547.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $7,500,000
  • Square Footage: 13,700
  • Price per Square Foot: $547
  • Buyer: Gil Zaburov
  • Seller: Sedgh Family
  • Brokers: Lev Mavashev & Ben Normatov - Alpha Realty
  • Date of Transaction: 6/25/2025

Gil Zaburov acted as the buyer in this transaction, while the sellers were represented by the Sedgh Family. The deal was brokered by Lev Mavashev and Ben Normatov from Alpha Realty, who facilitated the agreement between the buyer and seller.

Players

Lev Mavashev

Alpha Realty

Broker

$742M

vol

106 deals

Broker
Alpha Realty
Alpha RealtyBrokerage

Flushing 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

2.12%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93