Satinder Singh pays $2.1M for parking lot in South Ozone Park, SLG owns next door

Satinder Singh through the entity Vas Ny LLC paid $2.1 million to Lawrence Greenfield through the entity Elwin Corp for the parking facility (G1) at 107-26 Rockaway Boulevard in South Ozone Park, Queens. The giant REIT SL Green Realty owns the vacant lot next door, at 107-30 Rockaway Boulevard, which it bought in 2008 for $1.35 million.
The deal closed on April 17, 2026 and was recorded on May 11, 2026. The property has 2,800 square feet of built space and 4,700 square feet of additional air rights for a total buildable of 7,500 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $750 and the price per buildable square foot is $280 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 Lawrence Greenfield was Lawrence Greenfield. The signatory for Satinder Singh was Satinder Singh. The contract date was May 2, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Satinder Singh had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Lawrence Greenfield had not purchased any other properties and had not sold any properties over the same time period. The 2,800-square-foot property generated revenue of $136,727 or $49 per square foot, according to the most recent income and expense figures.

The property

The industrial building in South Ozone Park has 2,800 square feet of built space and 4,700 square feet of additional air rights for a total buildable of 7,500 square feet according to a PincusCo analysis of city data. The parcel has frontage of 99 feet and is 102 feet deep with a total lot size of 10,000 square feet. The zoning is R4 which allows for up to 0.75 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $724,000.

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 South Ozone Park, The bulk, or 27 percent of the 6.3 million square feet of commercial built space are mixed-use buildings, with specialty buildings next occupying 26 percent of the space. In sales, South Ozone Park has the 27th highest sale turnover among other neighborhoods in Queens with $65.6 million in sales volume in the last two years. For development, South Ozone Park has had very little major development activity relative to other neighborhoods.It had 298,055 square feet of commercial and multi-family construction under development in the last two years, which represents 5 percent of the neighborhood’s built space.

The block

There are no active new building construction projects on this tax block.

The majority, or 77 percent of the 12,160 square feet of built space are mixed-use buildings, with industrial buildings next occupying 23 percent of the space.

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