D & C Fortune Realty LLC paid $3M to Eg & B Property LLC

D & C Fortune Realty LLC paid Eg & B Property LLC $2.7 million for 1 parcel, including the tax class retail building with apartments above (K4) at 42-23 162 Street in Flushing. The deal closed on July 17, 2019 and was recorded on July 26, 2019. The parcel(s) have total development potential of 5,270 square feet.
The average sale price per square foot is $503.
The estimated cap rate is 3.1%
The last time the property sold was September 10, 2015, for $2,330,000.

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