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94 02 116th Street

Hardev Singh Purchases Retail Property In Richmond Hill Queens From Frederick Dorgler For $3.17M
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

Hardev Singh

Buyer

2 deals

Buyer

South Richmond Hill Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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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