Gil Zaburov Purchases Retail Asset From The Rodger Family For $12.5M In Kew Gardens Hills
SOLD
$12,500,000
New York
See Similar DealsRetail30,000 SF
Sold 12/01/2025
SOLD
Gil Zaburov Purchases Retail Asset From The Rodger Family For $12.5M In Kew Gardens Hills
71 24 Main Street
See Similar DealsRetail30,000 SF
Sold 12/01/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$416
Total Square Footage:30,000 SF
Transaction Type:Sale
The property asset involved in the transaction is located at 71-24 Main Street in Kew Gardens Hills. This retail asset was sold for a price of $12,500,000 and comprises a total square footage of 30,000, resulting in a price per square foot of $416.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,500,000
- Buyer: Gil Zaburov
- Seller: The Rodger Family
- Broker: Ben Normatov - Alpha Realty
Gil Zaburov acquired the property with the assistance of broker Ben Normatov from Alpha Realty, representing the buyer in the deal. The transaction was noted for its significance to the community, with a message expressing congratulations to the Zaburov Family on their acquisition and a vision of giving back.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$666,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,409.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$59,256.38
Annual Debt Service$711,076.53
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