Seerojnie Dabie pays $3.6M for retail in Hollis

Seerojnie Dabie through the entity 19501 Jamaica Ave LLC paid $3.6 million to the Frias family through the entity Average Realty LLC for the retail building (K1) at 195-01 Jamaica Avenue in Hollis, Queens. The expected use is cash flowing. The space is occupied by a CTown Supermarket with the address 195-09 Jamaica Avenue.
The deal closed on August 26, 2025 and was recorded on September 9, 2025. The property has 11,325 square feet of built space and 3,562 square feet of additional air rights for a total buildable of 14,843 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $317 and the price per buildable square foot is $242 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 seller bought the property on January 25, 2016, for $2.2 million. The signatory for Nieves Frias, Alejandro Frias, and Edward Frias was Nieves Frias. The signatory for Seerojnie Dabie was Seerojnie Dabie. The contract date was January 18, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Seerojnie Dabie had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Nieves Frias had not purchased any other properties and had not sold any properties over the same time period. The 11,325-square-foot property generated revenue of $203,397 or $18 per square foot, according to the most recent income and expense figures.

The property

The retail building in Hollis has 11,325 square feet of built space and 3,562 square feet of additional air rights for a total buildable of 14,843 square feet according to a PincusCo analysis of city data. The parcel has frontage of 127 feet and is 100 feet deep with a total lot size of 11,875 square feet. The lot is irregular. The zoning is R5 which allows for up to 1.25 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $1.8 million.

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 Hollis, The bulk, or 27 percent of the 4.5 million square feet of commercial built space are industrial buildings, with elevator buildings next occupying 22 percent of the space. In sales, Hollis has the 34th highest sale turnover among other neighborhoods in Queens with $27.5 million in sales volume in the last two years. For development, Hollis has had very little major development activity relative to other neighborhoods.It had 59,981 square feet of commercial and multi-family construction under development in the last two years, which represents 1 percent of the neighborhood’s built space.

The block

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

The majority, or 100 percent of the 16,391 square feet of built space are retail buildings, with industrial buildings next occupying 0 percent of the space.

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