Gil Zaburov Acquires Retail Property From Sedgh Family In Kew Gardens Hills For $7.5M
SOLD
$7,500,000
New York
See Similar DealsRetail13,700 SF
Sold 06/25/2025
SOLD
Gil Zaburov Acquires Retail Property From Sedgh Family In Kew Gardens Hills For $7.5M
67 29 Main Street
See Similar DealsRetail13,700 SF
Sold 06/25/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$547
Total Square Footage:13,700 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$400,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,553.83
Annual Debt Service$426,645.92
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