SOLDRetail
Hardev Singh Purchases Retail Property In Richmond Hill Queens From Frederick Dorgler For $3.17M
94 02 116th Street
$3,170,000
$598/SF
Building Size
5,300 SF
Asset Type
Retail
Closing
Jan 14, 2026
AI
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.
Players
South Richmond Hill Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.00%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93