Kamali Organization buys nursing home property in College Point for $11M

Bahram “Barry” Kamali’s Kamali Organization through the entity CP Waterfront Property LLC paid Linda Negrin, Robert Schwartz and others’s SZNL Properties LLC $11 million for 119-19 Graham Court, 119 Street in College Point. The deal closed on February 4, 2020, and was recorded on February 25, 2020. The transaction consists of 2 parcels, including the tax class nursing home (I6). The property is 80,703 square feet. The parcel(s) have total development potential of 100,371 square feet.
The average sale price per square foot is $110.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $48,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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