Ravinder Chopra and Raman Kumar Aggarwal pay $7M to Victor Peng for property in Flushing

Ravinder Chopra and Raman Kumar Aggarwal through the entity 33-53 Farrington LLC paid Victor Peng’s Ever River Realty Corp. $6.6 million for 33-53 Farrington Street in Flushing. The deal closed on September 10, 2019, and was recorded on September 17, 2019. The transaction consists of 1 parcel, including the tax class motel (H4). The property is 9,887 square feet. The parcel(s) have total development potential of 9,887 square feet.
The average sale price per square foot is $662.
The estimated cap rate is 4.3%

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Direct link to the city’s interactive property map, ZOLA. link

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