Capital One sells fourth bank building in Queens since August, this one for $2.9M

Daniel Conway’s Seagram Properties through the entity London & Leeds LLC paid Capital One $2.9 million for 70-01 Forest Avenue in Ridgewood. The deal closed on January 16, 2020, and was recorded on January 30, 2020. The transaction consists of 1 parcel, including the tax class bank building with or without parking (K7). The property is 10,848 square feet. The parcel(s) have total development potential of 10,848 square feet.
The average sale price per square foot is $271.

This is the fourth Queens bank property Capital One has sold since August 2019. The others were 120-32 Queens Boulevard for $4.98 million, 252-21 Union Turnpike for $1.7 million and 233-15 Hillside Avenue for $1.5 million.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $133,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link