RJ Capital Holdings And Top Rock Holdings Acquire Forest Hills Jewish Center For $39M

The property asset involved in this transaction is located at 106-06 Queens Boulevard, in the Forest Hills market of Queens. The special purpose asset is being sold for $39,000,000, encompassing a total square footage of 67,780, which translates to a price per square foot of $575.

Summary of transaction details:

• Property Type: Special Purpose
• Transaction Amount: $39,000,000
• Address: 106-06 Queens Boulevard
• Market: Forest Hills, Queens
• Square Footage: 67,780
• Price per Square Foot: $575
• Buyer: Rudolph Abramov & Iosif Abramov - RJ Capital Holdings; Uri Mermelstein, Iosif Yushuvayev, Alla Yushuvayeva, Mark Yushuvayev & Pinkhos Yushuvayev - Top Rock Holdings
• Seller: Forest Hills Jewish Center

RJ Capital Holdings and Top Rock Holdings, through 106QB Development LLC, are in contract to acquire the property from the Forest Hills Jewish Center following New York State Attorney General approval, maintaining the original pricing from the 2021 agreement while replacing the initial buyer entity.