Gaughan Construction pays $2.2M for industrial in Richmond Hill

Gaughan Construction through the entity 13038 Holding LLC paid $2.2 million through an estate sale to Robert Boccard through the entity T.V.B.B. LLC for the industrial building (F1) at 130-38 90th Avenue in Richmond Hill, Queens. The expected use is owner-occupied. Gaughan Construction owns the adjacent building at 130-34 90th Avenue.
The deal closed on February 18, 2026 and was recorded on February 20, 2026. The property has 6,100 square feet of built space and 2,259 square feet of additional air rights for a total buildable of 8,369 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $360 and the price per buildable square foot is $262 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 October 29, 2007, for $1.5 million. The signatory for Robert Boccard was Teresina Boccard. The signatory for Gaughan Construction was Anthony Gaughan . The contract date was September 17, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Gaughan Construction had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Robert Boccard had not purchased any other properties and had not sold any properties over the same time period. The 6,100-square-foot property generated revenue of $133,592 or $22 per square foot, according to the most recent income and expense figures.

The property

The industrial building in Richmond Hill has 6,100 square feet of built space and 2,259 square feet of additional air rights for a total buildable of 8,369 square feet according to a PincusCo analysis of city data. The parcel has frontage of 61 feet and is 107 feet deep with a total lot size of 8,369 square feet. The lot is irregular. The zoning is M1-1 which allows for up to 1 times floor area ratio (FAR) for manufacturing The city-designated market value for the property in 2022 is $601,000.

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.

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 Richmond Hill, The bulk, or 26 percent of the 6.4 million square feet of commercial built space are industrial buildings, with specialty buildings next occupying 20 percent of the space. In sales, Richmond Hill has had very little sales volume relative to other neighborhoods with $168.7 million in sales volume in the last two years. For development, Richmond Hill has had very little major development activity relative to other neighborhoods.It had 199,362 square feet of commercial and multi-family construction under development in the last two years, which represents 3 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of one of the 14 commercial properties representing 7,500 square feet of the 84,110 square feet. The identified owner is Henbert Interiors Finishing.
There are no active new building construction projects on this tax block.

The majority, or 80 percent of the 84,110 square feet of built space are industrial buildings, with retail buildings next occupying 17 percent of the space.

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