101 Chicken pays $3.7M to White Castle for fast food location in Jackson Heights

101 Chicken through the entity 8802 Northern Realty LLC paid $3.7 million to White Castle Management through the entity White Castle System, Inc. for the retail building (K5) at 88-08 Northern Boulevard in Jackson Heights, Queens. The expected use is owner-occupied by the New Jersey-based Korean fried chicken restaurant, 101 Chicken.

White Castle closed this location several years ago, and a Popeyes restaurant opened at this location in approximately 2023.
The deal closed on August 25, 2025 and was recorded on September 10, 2025. The property has 1,900 square feet of built space and 5,600 square feet of additional air rights for a total buildable of 7,500 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $1,947 and the price per buildable square foot is $493 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for White Castle Management was Anthony Joseph. The contract date was May 28, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer 101 Chicken had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller White Castle Management had not purchased any other properties and had not sold any properties over the same time period.

The property

The retail building in Jackson Heights has 1,900 square feet of built space and 5,600 square feet of additional air rights for a total buildable of 7,500 square feet according to a PincusCo analysis of city data. The parcel has frontage of 100 feet and is 100 feet deep with a total lot size of 10,000 square feet. The zoning is R4 which allows for up to 0.75 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $741,000.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received $1,500 in OATH penalties in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The neighborhood

In Jackson Heights, The bulk, or 42 percent of the 16.4 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 18 percent of the space. In sales, Jackson Heights has had very little sales volume relative to other neighborhoods with $175.7 million in sales volume in the last two years. For development, Jackson Heights has had very little major development activity relative to other neighborhoods.It had 299,908 square feet of commercial and multi-family construction under development in the last two years, which represents 2 percent of the neighborhood’s built space.

The block

There are no active new building construction projects on this tax block.

All properties are retail.

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