BongHo Ha and MiKwang Ha pay $10M to Ilias Theodoropoulos for property in Flushing

BongHo Ha and MiKwang Ha through the entity 16214 Sanford, LLC paid Ilias Theodoropoulos’s The Gordian Group Of New York, L.P. $10 million for 162-14 Sanford Avenue, 42-10 163rd Street, 42-16 163rd Street in Flushing. The deal closed on March 10, 2020, and was recorded on March 16, 2020. The transaction consists of 3 parcels, including the tax class professional-type office building (O7). The parcel(s) have total development potential of 24,643 square feet.
The average sale price per square foot is $405.

The last time the property sold was July 20, 2005, for $2,200,000.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $100,250.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link