Fazlur Khan Acquires Queens Retail Property For $16M

The retail property located at 74-12 – 74-34 37th Avenue in New York, Queens, was recently sold for a price of $16,000,000. The property spans across 10,001 square feet, resulting in a price per square foot of $1,600. It consists of 5 units and is situated in a bustling market.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $16,000,000
• Square Footage: 10,001
• Price Per Square Foot: $1,600
• Number of Units: 5
• Seller: Yee Dun – 37 Yee's Family Limit
• Buyer: Fazlur Khan fazlurkhan

The deal was facilitated by Scott Plasky and Dana Newton from Marcus & Millichap, who served as the brokers for the transaction.