Dynasty Capital pays $4.5M to Yaron Rosenthal for dev site in Glendale

The Fuzailovs’ Dynasty Capital through the entity 89-40 Metropolitan Ave LLC paid $4.5 million to Yaron Rosenthal through the entity 89-40 Realty LLC for the development parcel (V1) at 89-40 Metropolitan Avenue in Glendale, Queens. The expected use is ground up development.

On the lot, there is one active new building construction project, Q00956185, for a 7,339 square-foot retail building. The project was submitted by Yaron Rosenthal and filed by Yaron Rosenthal with plans filed November 9, 2023 and it has not been permitted yet. It is not know if the new owners will pursue these plans.
The deal closed on September 17, 2025 and was recorded on September 25, 2025. The property has zero square feet of built space and 13,655 square feet of additional air rights for a total buildable of 13,655 square feet according to a PincusCo analysis of city data. The sale price per buildable square foot is $325 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 seller bought the property on April 26, 2010, for $2.6 million. The signatory for Yaron Rosenthal was Yaron Rosenthal. The signatory for Dynasty Capital was Chananya Fuzailov . The contract date was July 17, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Dynasty Capital had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Yaron Rosenthal had not purchased any other properties and sold one property in one transaction for a total of $3.8 million over the same time period.

The property

The parcel has frontage of 150 feet and is 95 feet deep with a total lot size of 18,207 square feet. The zoning is R4 which allows for up to 0.75 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $2.2 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 not received any significant violations in the last year.

The neighborhood

In Glendale, The bulk, or 36 percent of the 6.3 million square feet of commercial built space are mixed-use buildings, with industrial buildings next occupying 27 percent of the space. In sales, Glendale has had very little sales volume relative to other neighborhoods with $127.3 million in sales volume in the last two years. For development, Glendale has had very little major development activity relative to other neighborhoods.It had 36,871 square feet of commercial and multi-family construction under development in the last two years, which represents 0.59 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of one of the three commercial properties representing 6,912 square feet of the 19,089 square feet. The identified owner is Cammeby’S International Group.
On the tax block, there was one new building construction project filed totaling 7,339 square feet. It is a 7,339 square-foot 69 building submitted by Yaron Rosenthal and filed by Yaron Rosenthal with plans filed November 9, 2023 and it has not been permitted yet.

The majority, or 49 percent of the 19,089 square feet of built space are mixed-use buildings, with walkup buildings next occupying 36 percent of the space.

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