Aaron Kahen & Ethan Makhany Of KP Developers Acquire Retail Property From Patel Family For $4.5M
70-70 Kissena Boulevard
$4,500,000
$483/SF
Building Size
9,300 SF
Asset Type
Retail
Closing
Mar 15, 2026
About this deal
AI
The retail property located at 70-70 Kissena Boulevard in Flushing was sold for $4,500,000. The asset spans 9,300 square feet, translating to a price per square foot of $483.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,500,000
- Address: 70-70 Kissena Boulevard
- Market: Flushing
- Square Footage: 9,300
- Price per Square Foot: $483
- Buyer: Aaron Kahen & Ethan Makhany - KP Developers
- Seller: Patel Family
Aaron Kahen and Ethan Makhany, representing KP Developers, expressed their commitment to expansion in the market. They can be reached for potential opportunities via [email protected] or [email protected].
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93