Jun Chao Zhang pays $5M for retail in eastern Queens

Jun Chao Zhang through the entity HK Station Holding LLC paid $5 million to Miok Lee through the entity Llw Management LLC for the retail building (K1) at 192-01 Station Road in Auberndale, Queens.
The deal closed on November 3, 2025 and was recorded on November 19, 2025. The property has 9,467 square feet of built space and 7,182 square feet of additional air rights for a total buildable of 16,703 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $526 and the price per buildable square foot is $298 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 February 18, 2011, for $3.4 million. The signatory for Miok Lee was Miok Lee. The signatory for Jun Chao Zhang was Jun Chao Zhang. The contract date was November 3, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Jun Chao Zhang had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Miok Lee had not purchased any other properties and had not sold any properties over the same time period. The 9,467-square-foot property generated revenue of $329,669 or $35 per square foot, according to the most recent income and expense figures.

The property

The retail building in Auberndale has 9,467 square feet of built space and 7,182 square feet of additional air rights for a total buildable of 16,703 square feet according to a PincusCo analysis of city data. The parcel has frontage of 60 feet and is 278 feet deep with a total lot size of 16,703 square feet. The zoning is C8-1 which allows for up to 1 times floor area ratio (FAR) for commercial The city-designated market value for the property in 2022 is $1.8 million.

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 Auberndale, The bulk, or 33 percent of the 1.8 million square feet of commercial built space are specialty buildings, with mixed-use buildings next occupying 18 percent of the space. In sales, Auberndale has the 37th highest sale turnover among other neighborhoods in Queens with $28.9 million in sales volume in the last two years. For development, Auberndale has had very little major development activity relative to other neighborhoods.It had 26,756 square feet of commercial and multi-family construction under development in the last two years, which represents 1 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of one of the three commercial properties representing zero square feet of the 13,347 square feet. The identified owner is Lirr.
There are no active new building construction projects on this tax block.

The majority, or 71 percent of the 13,347 square feet of built space are retail buildings, with walkup buildings next occupying 29 percent of the space.

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