Janet Huang, Judy Mock, Huei Hsiang Wang pay $12.6M Dan Ohebshalom retail in Elmhurst

Janet Huang, Judy Mock, and Huei Hsiang Wang through the entity Jktw Laguardia Holding LLC paid $12.6 million to Daniel Ohebshalom ‘s Keystone Management through the entity Highpoint Associates IX, LLC for the retail building (K1) at 81-11 Broadway and the retail building (K1) at 81-01 Broadway in Elmhurst, Queens.

The deal closed on June 15, 2026 and was recorded on June 22, 2026. The two properties have 20,000 square feet of built space and 62,781 square feet of additional air rights for a total buildable of 82,724 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $630 and the price per buildable square foot is $152 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 Keystone Management was Anthony J. Schlur. The signatory for Janet Huang, Judy Mock , and Huei Hsiang Wang was Janet Huang, Judy Mock, and Huei Hsiang Wang. The contract date was June 19, 2026.

These buyers, five days earlier on June 10, 2026, sold a parking lot to Azimuth Development for $12.9 million.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Janet Huang had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Keystone Management had not purchased any other properties and sold two properties in two transactions for a total of $12.1 million over the same time period. Out of the two properties, one with a total of 20,000 square feet of built space generated revenue of $416,300 per year.

The property

The retail building at 81-11 Broadway in Elmhurst has frontage of 100 feet and is 108 feet deep with a total lot size of 10,628 square feet. The lot is irregular. The zoning is R7A which allows for up to 4 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $3.9 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the properties for the past 24 months. In addition, according to city public data, the properties have received $1,280 in ECB penalties and $1,430 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 Elmhurst, The bulk, or 40 percent of the 19.8 million square feet of commercial built space are elevator buildings, with mixed-use buildings next occupying 21 percent of the space. In sales, Elmhurst has had very little sales volume relative to other neighborhoods with $236.4 million in sales volume in the last two years. For development, Elmhurst has had very little major development activity relative to other neighborhoods.It had 706,276 square feet of commercial and multi-family construction under development in the last two years, which represents 4 percent of the neighborhood’s built space.

The block

On the tax block of 81-11 Broadway, PincusCo has identified the owners of three of the five commercial properties representing 98,128 square feet of the 222,475 square feet. The two identified owners are Bronstein Properties and Keystone Management.
There are no active new building construction projects on this tax block.

The majority, or 83 percent of the 222,475 square feet of built space are elevator buildings, with retail buildings next occupying 17 percent of the space.

The seller

The PincusCo database currently indicates that Keystone Management owned at least three commercial properties with 14 residential units in New York City with 29,820 square feet and a PincusCo-determined asset value of $14.7 million. The portfolio has $10 million in debt, borrowed from Flushing Bank . Within the portfolio, the bulk, or 67 percent of the 29,820 square feet of built space are retail properties, with walkup properties next occupying 32 percent of the space. The bulk, or 67 percent of the built space, is in Queens, with Manhattan next at 32 percent of the space.

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