A retail property located at 92-59 59 Avenue in Elmhurst, Queens has been sold in a closed transaction. The property has a zoning designation of C4-5X and offers a total square footage of 202,383. The sale took place on 12/23/2021, with Ben Ashkenazy purchasing the property from Joel Schneider for a price of $40,500,000. The property's price per square foot (PPSF) is $200, and its building square footage (BSF) is 411,335. The price per buildable square foot (PPBSF) is $98. The lot size is 82,267, with dimensions of 365 ft x 224 ft.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $40,500,000
• Market: Elmhurst, Queens
• Zoning: C4-5X
• Buyer: Ben Ashkenazy
• Seller: Joel Schneider
• Building Square Footage (BSF): 411,335
• Price per Buildable Square Foot (PPBSF): $98
• Total Square Footage: 202,383
• Price per Square Foot (PPSF): $200
• Last Sale Price: $18,120,000 (1/30/2021)
• Lot Size: 82,267
• Lot Dimension: 365 ft x 224 ft
• Floor Area Ratio (FAR): 2.46
• Tax Class: 4

Ben Ashkenazy represented himself in the transaction as the buyer, while Joel Schneider acted as the seller's representative.