Fimida Enterprises pays $7M for 4-building Queens portfolio

Daniel Figotin’s Fimida Enterprises along with partner Sandra Ferrier paid the Diaz family’s Portela Realty $7 million for four properties in Queens, a representative of the buyer exclusively told PincusCo. The sale closed December 8, 2021, and has not yet been reported in city records.

The acquisition was financed by a $4.9 million loan from ConnectOne Bank.

Fimida Enterprises is a New York based real estate investment, management and development firm, founded by Daniel Figotin.

The four mixed use properties have a total of 17,000 square feet of built space and include 21-02 30th Avenue in Astoria, a three-story corner building anchored by neighborhood restaurant Vesta and five market-rate apartments; 47-02 Greenpoint Avenue in Sunnyside, a corner building with three retail spaces including Chihuahua restaurant, Sports barbershop, Think Nail Too Salon and two two-bedroom, market-rate apartments; 40-14 83rd Street in Elmhurst, a three-story building with retail and two three bedroom apartments; and 72-22 34th Avenue in Jackson Heights, a three-story corner building with two medical offices and four rent-stabilized apartments and one private indoor garage.

Ben Normatov and Lev Mavashev of Alpha Realty represented both the seller and buyer in this off-market transaction. The loan was brokered by Jake Gluck’s Fortune Capital Group.