43-50 40 Street

Owner: Fbl Development

Acquired: May 12, 2026, $11.2 million

Debt: May 12, 2026, $6.5 million

Built: 1931

SF: 9,500

Dwelling units: 0

No. of buildings: 1

Class: One Story Store Building (K1)

Floors: 1

Transactions:

• FBL Development borrowed $6.5 million from Ponce Bank for 39-39 Queens Blvd, Sunnyside, Queens on May 12, 2026.

• Kenneth Kerim sold 39-39 Queens Blvd, Sunnyside, Queens for $11.2 million to FBL Development on May 12, 2026.

• None sold 39-39 Queens Boulevard, Sunnyside, Queens for $785,000 to None on March 23, 2023.

Development:

• Yu Feng Li filed alteration job Q01151777 for 1,200 sqft COM building with 0 apartments in Sunnyside, Queens, on December 24, 2024.

• Kenny Kerim filed alteration job 440260995 for COM building in Sunnyside, Queens, on October 19, 2015.

• Kenny Kerim filed alteration job 440260833 for COM building with 0 apartments in Sunnyside, Queens, on October 18, 2015.

• Kenny Kerim filed alteration job 410128963 for F-4 building with 0 apartments in Sunnyside, Queens, on June 24, 2008.

• Kenny Kerim filed alteration job 410076689 for COM building with 0 apartments in Sunnyside, Queens, on March 12, 2008.