Divyank Patel pays $6.2M for two retail properties in Glen Oaks

Divyank Patel through the entity Samp 272, LLC paid $6.2 million to Robert P. Peck through the entity Hillside-Queens Co, Limited Liability Company for the retail building (K7) at 272-06 Union Turnpike and retail building (K1) at 272-08 Union Turnpike in Glen Oaks, Queens. The expected use is cash flowing.
The deal closed on August 26, 2025 and was recorded on September 26, 2025. The two properties have 9,524 square feet of built space and 3,273 square feet of additional air rights for a total buildable of 11,455 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $650 and the price per buildable square foot is $541 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 Robert P. Peck was Robert P. Peck. The signatory for Divyank Patel was Divyank Patel. The contract date was April 28, 2025.

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 272-06 Union Turnpike.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Divyank Patel had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Robert P. Peck had not purchased any other properties and had not sold any properties over the same time period. The two properties with a total of 9,524 square feet of built space generated revenue of $370,345 per year or $39 per square foot. The sale price per square foot was $651.

The property

The retail building in Glen Oaks has 9,524 square feet of built space and 3,273 square feet of additional air rights for a total buildable of 11,455 square feet according to a PincusCo analysis of city data. The parcel has frontage of 40 feet and is 205 feet deep with a total lot size of 12,350 square feet. The lot is irregular. 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 $1.4 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 block

On the tax block of 272-06 Union Turnpike, PincusCo has identified the owners of two of the three commercial properties representing 9,524 square feet of the 9,524 square feet. The identified owner is Divyank Patel.
There are no active new building construction projects on this tax block.

The majority, or 100 percent of the 9,524 square feet of built space are retail buildings, with development buildings next occupying 0 percent of the space.

The buyer

The PincusCo database currently indicates that Divyank Patel owned at least two commercial properties in New York City with 9,524 square feet and a city-determined market value of $2.1 million. (Market value is typically about 50% of actual value.) Within the portfolio, all identified are retail properties. They are all located in Queens.

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