Nasa Commons, LLC pays $6M for property in Briarwood

Nasa Commons, LLC paid $5.9 million for 138-05 Queens Boulevard in Briarwood. The deal closed on September 25, 2019, and was recorded on October 2, 2019. The transaction consists of 1 parcel, including the tax class one-story store building (K1). The property is 61,990 square feet. The parcel(s) have total development potential of 61,990 square feet.
The average sale price per square foot is $166.
The estimated cap rate is 3.3%
The last time the property sold was May 4, 2018, for $6,300,000.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $70,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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