David Murdakhayev pays $3.5M to Montperia Group for retail in Jamaica Estates

David Murdakhayev through the entity 180 Ut LLC paid $3.5 million to Montperia Group through the entity Turnpike 88 Corp. for the retail building (K1) at 180-32 Union Turnpike in Jamaica Estates, Queens. The expected use is cash flowing.
The deal closed on March 30, 2026 and was recorded on April 6, 2026. The property has 4,400 square feet of built space and 89 square feet of additional air rights for a total buildable of 4,480 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $795 and the price per buildable square foot is $781 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 Montperia Group was Alex Lau . The contract date was July 18, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer David Murdakhayev had purchased any other properties and sold one property in one transaction for a total of $2 million over the past 24 months.
The seller Montperia Group had not purchased any other properties and sold one property in one transaction for a total of $5.5 million over the same time period. The 4,400-square-foot property generated revenue of $225,520 or $51 per square foot, according to the most recent income and expense figures.

The property

The retail building in Jamaica Estates has 4,400 square feet of built space and 89 square feet of additional air rights for a total buildable of 4,480 square feet according to a PincusCo analysis of city data. The parcel has frontage of 80 feet and is 112 feet deep with a total lot size of 8,960 square feet. The zoning is R2A which allows for up to 0.5 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $1.1 million.

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 received three DOB 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 Jamaica Estates, The majority, or 58 percent of the 2.7 million square feet of commercial built space are elevator buildings, with specialty buildings next occupying 14 percent of the space. In sales, Jamaica Estates has the 27th highest sale turnover among other neighborhoods in Queens with $66.1 million in sales volume in the last two years. For development, Jamaica Estates has had very little major development activity relative to other neighborhoods.It had 137,782 square feet of commercial and multi-family construction under development in the last two years, which represents 5 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of two of the seven commercial properties representing 20,750 square feet of the 51,440 square feet. The two identified owners are Aronov Development and Ab Capstone.
On the tax block, there was one new building construction project filed totaling 20,350 square feet. It is a 20,350 square-foot educational (E) building submitted by Meir Babaev with plans filed January 26, 2017 and it has not been permitted yet.

All properties are retail.

The seller

The PincusCo database currently indicates that Montperia Group owned at least six commercial properties with two residential units in New York City with 168,445 square feet and a city-determined market value of $23.9 million. (Market value is typically about 50% of actual value.) The portfolio has $45 million in debt, borrowed from Fiona Wu and Ponce Bank. Within the portfolio, the bulk, or 55 percent of the 168,445 square feet of built space are hotel properties, with specialty properties next occupying 44 percent of the space. They are all located in Queens.

The buyer

The PincusCo database currently indicates that David Murdakhayev owned at least five commercial properties in New York City with 37,568 square feet and a city-determined market value of $7.7 million. (Market value is typically about 50% of actual value.) The portfolio has $16.6 million in debt, borrowed from TD Bank and BankUnited. Within the portfolio, the bulk, or 56 percent of the 37,568 square feet of built space are office properties, with retail properties next occupying 22 percent of the space. They are all located in Queens.

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