Buyer pays $4.5M for three properties in Woodhaven

An entity with unknown ownership, Bhuhini Realty LLC , paid $4.5 million to Charles P. Scaturro through the entity Charles Scaturro & Sons, Inc. for the retail building (K4) at 84-39 Jamaica Avenue in Woodhaven, Queens, two-unit mixed-use building (S2) at 84-45 Jamaica Avenue in Woodhaven, Queens, and industrial building (G0) at 86-26 85th Street in Woodhaven, Queens.
The deal closed on June 3, 2026 and was recorded on June 25, 2026. The three properties have 15,775 square feet of built space and 10,954 square feet of additional air rights for a total buildable of 26,709 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $288 and the price per buildable square foot is $170 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 Charles P. Scaturro was Charles P. Scaturro. The contract date was November 14, 2026.

Because multiple properties have been transacted, some of the following sections will follow the property with the largest assessed value, which in this case, is the property on 84-39 Jamaica Avenue.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Bhuhini Realty LLC had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Charles P. Scaturro had not purchased any other properties and sold four properties in three transactions for a total of $30 million over the same time period. Out of the three properties, one with a total of 15,775 square feet of built space generated revenue of $309,593 per year.

The property

The retail building in Woodhaven has frontage of 60 feet and is 105 feet deep with a total lot size of 6,340 square feet. The zoning is R6A which allows for up to 3 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $1.4 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the properties for the past 24 months. In addition, according to city public data, the properties have 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 neighborhood

In Woodhaven, The bulk, or 38 percent of the 3.3 million square feet of commercial built space are mixed-use buildings, with walkup buildings next occupying 22 percent of the space. In sales, Woodhaven has the 29th highest sale turnover among other neighborhoods in Queens with $55.5 million in sales volume in the last two years. For development, Woodhaven has had very little major development activity relative to other neighborhoods.It had 19,302 square feet of commercial and multi-family construction under development in the last two years, which represents 0.58 percent of the neighborhood’s built space.

The block

On the tax block of 84-39 Jamaica Avenue, PincusCo has identified the owners of four of the 24 commercial properties representing 28,610 square feet of the 73,624 square feet. The largest owner is Charles Scaturro And Sons Inc. Of Sons Inc, followed by Feredoun Khalili and then Faramaz Khalili.
There are no active new building construction projects on this tax block.

The majority, or 61 percent of the 73,624 square feet of built space are mixed-use buildings, with retail buildings next occupying 29 percent of the space.

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