Joseph Heimann pays $7M to Stephen Cherpelis for rental in Auberndale

Joseph Heimann through the entity Flushing Gallery LLC paid $7.0 million to Stephen Cherpelis through the entity Crocheron Avenue LLC for 36-unit rental (C9) at 191-10 Crocheron Avenue in Auberndale, Queens.
The deal closed on September 3, 2021 and was recorded on September 17, 2021.
The property has 28,432 square feet of built space and 20,904 square feet of additional air rights for a total buildable of 49,511 square feet according to PincusCo analysis of city data. The sale price per built square foot is $244 and the price per buildable square foot is $140 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 Stephen Cherpelis was Stephen Cherpelis. The signatory for Joseph Heimann was Joseph Heimann.

The former owners according to the Department of Housing Preservation and Development included Stephen Cherpelis, head officer and Robert Rissetto, officer. The business entity was Crocheron Avenue, Llc.

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