Fred Khalil pays $3.4M for commercial building in Corona

Fred Khalil through the entity Roosevelt 2626 LLC paid $3.4 million to Mercedes Mota-Martinez through the entity 104-01 Roosevelt Realty Corp for office building (O5) at 104-01 Roosevelt Avenue in Corona, Queens.
The deal closed on June 29, 2021 and was recorded on August 3, 2021.
The property has 8,796 square feet of built space and 2,485 square feet of additional air rights for a total buildable of 11,296 square feet according to PincusCo analysis of city data. The sale price per built square foot is $387 and the price per buildable square foot is $301 per the PincusCo analysis. The price per foot analysis is simply the sale price divided by square feet as reported in public records and assumes no air rights have been sold.
The signatory for Mercedes Mota-Martinez was Mercedes Mota-Martinez. The signatory for Fred Khalil was Fred Khalil.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.
The contract date is April 1, 2021.

Within a 400-foot radius of 104-01 Roosevelt Avenue, PincusCo identified one commercial real estate item of interests occurred over the past 24 months.
It was a new building permit issued on June 22, 2020 for an 18,039-square-foot office B building at 104-19 Roosevelt Avenue.

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