Nourafshan Nouriyelian pays $4.3M to Fong Yen for retail building in Jackson Heights

Nourafshan Nouriyelian through the entity Siona Management LLC paid $4.3 million to Fong Yen through the entity White Tie Realty, Inc. for a retail building (K1) at 91-21 37th Avenue in Jackson Heights, Queens.
The deal closed on August 24, 2021 and was recorded on September 28, 2021.
The property has 6,000 square feet of built space and 6,757 square feet of additional air rights for a total buildable of 12,750 square feet according to PincusCo analysis of city data. The sale price per built square foot is $716 and the price per buildable square foot is $337 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 Fong Yen was Fong Yen. The signatory for Nourafshan Nouriyelian was Nourafshan Nouriyelian.
(401968858) Plans for a 5-unit, residential building J-2 were filed on July 7, 2004 and were permitted on January 10, 2006.
Within a 400-foot radius of 91-21 37th Avenue, Pincusco identified one commercial real estate item of interests occurred over the past 24 months.
It was a loan which Edward Ostad borrowed $9.3 million from New York Community Bank secured by the 37,815-square-foot, 50-unit rental (C7) on 35-61 92nd Street on November 6, 2020.

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