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Vision Enterprises Acquires Mixed-Use Property In Bayside, Queens For $12.75M

34-33 and 57 Francis Lewis Boulevard
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This Mixed-use property located in NY was sold almost 6 years ago. The brokers of the deal were Josh Goldflam and Charles Chang

Located in Bayside, Queens, this mixed-use property at 34-33 and 57 Francis Lewis Blvd. recently changed hands in a closed transaction. The property spans 38,200 square feet and is comprised of 27 units, including 21 apartments, 4 stores, and 2 offices. The transaction was completed for a price of $12,750,000, resulting in a price per square foot of $333. With a capitalization rate of 5.2%, this property offers a promising investment opportunity.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $12,750,000
  • Square Footage: 38,200 sf
  • Price per Square Foot: $333
  • Units: 27 (21 Apartments, 4 Stores, 2 Offices)
  • Seller: Darshan Bagga
  • Buyer: Vision Enterprises
  • Broker: Josh Goldflam & Charles Chang

Represented by the brokerage agency of Josh Goldflam & Charles Chang, the deal involved key individuals like seller Darshan Bagga and buyer Vision Enterprises. The transaction showcases the vibrant real estate market in Bayside, Queens, and highlights the expertise of the brokers involved in successfully facilitating this acquisition.

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Deals
  • Location
    33-45 Francis Lewis Blvd, Queens, NY 11358, USA33-45 Francis Lewis Blvd, Queens, NY 11358, USA
  • Area
    382,000 SF382,000 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Josh Goldflam

Josh Goldflam

Deals22
Sold$243.5M

Agency

Highcap Group

Highcap Group

Agency
Deals90
Volume$597.6M

Deal Summary

IMAGE: Josh Goldflam and Charles Chang DATE: 05/10/2018 ADDRESS: 34-33 and 57 Francis Lewis Blvd. CITY: NewYork MARKET: Bayside, Queens ASSET TYPE: Mixed – Use PRICE: $12,750,000 SF: 38,200 sf PPSF: $333 UNITS: 27 (21 Apts.; 4 Stores and 2 Offices) CAP RATE: 5.2% SELLER: Darshan Bagga BUYER: Vision Enterprises BROKER: Josh Goldflam & […]

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34-33 and 57 Francis Lewis Boulevard

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