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
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