Neil Rube Acquires Retail Property In Ozone Park, Queens For $6.85M

The property involved in this transaction is a retail asset located at 94-11 Rockaway Boulevard in Ozone Park, Queens. The property has a zoning designation of R6B and C2-3, allowing for various commercial and residential uses. It spans a lot size of 21,965 square feet, with dimensions of 203.17 ft x 135 ft. The transaction took place on January 24, 2022.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $6,850,000
• Address: 94-11 Rockaway Boulevard, Ozone Park, Queens
• Market: Ozone Park, Queens
• Asset Type: Retail
• Zoning: R6B, C2-3

The buyer in this transaction is Neil Rube, while the seller is Alfred J. Polizzotto. The property was sold for a price of $6,850,000. The building has a total square footage of 20,647, with a price per square foot of $331. The building's floor area ratio (FAR) is 0.94, and it falls under tax class 4. Notably, an alteration permit was issued on December 30, 2015, for this property.