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Hardev Singh Purchases Retail Property In Richmond Hill Queens From Frederick Dorgler For $3.17M
SOLD
$3,170,000
New York
See Similar DealsRetail5,300 SF
Sold 01/14/2026
SOLD
Hardev Singh Purchases Retail Property In Richmond Hill Queens From Frederick Dorgler For $3.17M
94 02 116th Street
See Similar DealsRetail5,300 SF
Sold 01/14/2026
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$598
Total Square Footage:5,300 SF
Transaction Type:Sale
A retail property located at 94-02 116th Street in Richmond Hill, Queens, was sold for $3.17 million. The property encompasses 5,300 square feet, translating to approximately $598 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,170,000
- Address: 94-02 116th Street
- Market: Richmond Hill, Queens
- Square Footage: 5,300
- Price per Square Foot: $598
- Buyer: Hardev Singh
- Seller: Frederick Dorgler
- Sale Date: 01/14/2026
The buyer, Hardev Singh, completed the purchase of the property from seller Frederick Dorgler. The transaction closed on January 14, 2026.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$169,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,262.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,027.42
Annual Debt Service$180,329.01
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