GIZ Properties pays $12M to Denis Rodger for retail in Kew Garden Hills

Gil Zaburov’s GIZ Properties through the entity 71 GZ Centers LLC paid $12 million to Denis Rodger through the entity United Properties Corp. for the retail building (K1) at 71-26 Main Street in Kew Garden Hills, Queens. The expected use is cash flowing.
The deal closed on December 1, 2025 and was recorded on December 8, 2025. The property has 28,000 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $428 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 Denis Rodger was Denis Rodger. The signatory for GIZ Properties was Gil Zaburov . The contract date was March 12, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has records that the buyer GIZ Properties purchased one property in one transaction for a total of $7 million and has no record it sold any properties over the past 24 months.
The seller Denis Rodger had not purchased any other properties and had not sold any properties over the same time period. The 28,000-square-foot property generated revenue of $874,720 or $31 per square foot, according to the most recent income and expense figures.

The property

The retail building in Kew Garden Hills has 28,000 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 200 feet and is 72 feet deep with a total lot size of 17,400 square feet. The lot is irregular. 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 $4.5 million.

Violations and lawsuits

The property was involved in one lawsuit and zero bankruptcies over the past two years. The suit was a $600,000 money judgment concerning a contract filed on May 13, 2025, by Gil Zubarov against Denis Roger and United Properties Corp. (The contract disclosed in the litigation spelled the last name Zubarov.) In addition, according to city public data, the property has received one DOB violation and $100 in OATH penalties 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 Kew Garden Hills, The bulk, or 36 percent of the 4.1 million square feet of commercial built space are walkup buildings, with specialty buildings next occupying 24 percent of the space. In sales, Kew Garden Hills has had very little sales volume relative to other neighborhoods with $207.9 million in sales volume in the last two years. For development, Kew Garden Hills has had very little major development activity relative to other neighborhoods.It had -5,282 square feet of commercial and multi-family construction under development in the last two years, which represents -0.13 percent of the neighborhood’s built space.

The block

There are no active new building construction projects on this tax block.

All properties are retail.

The buyer

The PincusCo database currently indicates that Giz Properties owned at least one commercial property in New York City with 13,700 square feet and a city-determined market value of $3.6 million. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single retail property. It is located in Queens.

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