David Grinshteyn pays $3.6M for dev site in Corona

David Grinshteyn through the entity 55-17 98th Street LLC paid $3.6 million to Solomon Kurz through the entity Sherwood Village Owners Corporation for the vacant land at 55-19 98th Street in Corona, Queens. The expected use is ground up development.
The deal closed on May 15, 2025 and was recorded on June 13, 2025. The property has zero square feet of built space according to a PincusCo analysis of city data.
The signatory for Solomon Kurz was Solomon Kurz. The signatory for David Grinshteyn was David Grinshteyn. The contract date was November 20, 2024.
Grinshteyn financed the purchase with a $2.28 million loan from Hirshmark Capital

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer David Grinshteyn had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Solomon Kurz had not purchased any other properties and had not sold any properties over the same time period.

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 the tax block, there was one new building construction project filed totaling 25,686 square feet. It is a 38-unit, 25,686 square-foot residential (R-2) building submitted by Central Queens Properties and filed by Neal Hartman with plans filed May 1, 2024 and it has not been permitted yet.

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