Abdul Siddiqui pays $5M for 2 adjacent walkups in Sunnyside

Abdul Siddiqui paid $5 million to Victor Gallego for two adjacent walkups in Sunnyside, Queens, in two transactions.

In the first, Abdul Siddiqui through the entity Realty 4507 LLC paid $2.5 million to Victor Gallego through the entity Capira Realty LLC for the 16-unit residential walkup building (C1) at 45-07 43rd Avenue in Sunnyside, Queens. The expected use is cash flowing.
The deal closed on April 8, 2026 and was recorded on April 15, 2026. The property has 11,532 square feet of built space and 4,480 square feet of additional air rights for a total buildable of 16,000 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $216 and the price per buildable square foot is $156 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 Victor Gallego was Victor Gallego. The signatory for Abdul Siddiqui was Abdul Siddiqui. The contract date was May 14, 2025.

In the second, Abdul Siddiqui through the entity Realty 4501 LLC paid $2.5 million to Victor Gallego through the entity Capira Realty LLC for the 16-unit residential walkup building (C1) at 41-49 45th Street in Sunnyside, Queens. The expected use is cash flowing.
The deal closed on April 8, 2026 and was recorded on April 15, 2026. The property has 11,532 square feet of built space and 4,480 square feet of additional air rights for a total buildable of 16,000 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $216 and the price per buildable square foot is $156 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 Victor Gallego was Victor Gallego. The signatory for Abdul Siddiqui was Abdul Siddiqui. The contract date was May 14, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Abdul Siddiqui had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Victor Gallego had not purchased any other properties and sold one property in one transaction for a total of $4.8 million over the same time period. The former owner according to the Department of Housing Preservation and Development is Victor Gallego, head officer. The business entity is Capira Realty Llc. The 11,532-square-foot property generated revenue of $331,889 or $29 per square foot, according to the most recent income and expense figures.

The property

The residential walkup building with 16 residential units in Sunnyside has 11,532 square feet of built space and 4,480 square feet of additional air rights for a total buildable of 16,000 square feet according to a PincusCo analysis of city data. The parcel has frontage of 40 feet and is 100 feet deep with a total lot size of 4,000 square feet. The zoning is R7A which allows for up to 4 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $1.6 million. The property has 12 rent regulated units according to city tax records from 2024.

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 not received any significant violations 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 block

On this tax block, PincusCo has identified the owners of three of the 14 commercial properties representing 34,596 square feet of the 81,018 square feet. The two identified owners are Juan Rodriguez and Abdul A. Siddiqui.
There are no active new building construction projects on this tax block.

The majority, or 71 percent of the 81,018 square feet of built space are walkup buildings, with mixed-use buildings next occupying 29 percent of the space.

The seller

The PincusCo database currently indicates that Victor Gallego owned at least one commercial property with 15 residential units in New York City with 14,030 square feet and a city-determined market value of $2.3 million. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single walkup property.

Direct link to Acris document. link
Direct link to Acris document. link