Solil Management sells mixed-use in Jamaica to S6 Management for $2.5M

S6 Management through the entity S6 Jamaica LLC paid $2.5 million to Solil Management through the entity The Lillian Goldman Family L.L.C. for the mixed-use building (K4) at 166-14 Jamaica Avenue in Jamaica, Queens. Solil Management controls the assets of the late Sol Goldman, and owns more than 200 properties and rarely sells them.
The deal closed on November 25, 2025 and was recorded on December 9, 2025. The property has 7,740 square feet of built space and 13,224 square feet of additional air rights for a total buildable of 20,949 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $322 and the price per buildable square foot is $119 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 Solil Management was Jane H. Goldman and Diane Goldman Kemper. The signatory for S6 Management was Shalev Shoshani . The contract date was September 21, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer S6 Management had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Solil Management had not purchased any other properties and sold three properties in one transaction for a total of $103.3 million over the same time period. The 7,740-square-foot property generated revenue of $294,662 or $38 per square foot, according to the most recent income and expense figures.

The property

The mixed-use building in Jamaica has 7,740 square feet of built space and 13,224 square feet of additional air rights for a total buildable of 20,949 square feet according to a PincusCo analysis of city data. The parcel has frontage of 40 feet and is 87 feet deep with a total lot size of 3,480 square feet. The zoning is C6-2 which allows for up to 6 times floor area ratio (FAR) for commercial and up to 6.02 times FAR for residential. The city-designated market value for the property in 2022 is $1.5 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 Jamaica, The bulk, or 34 percent of the 29.2 million square feet of commercial built space are elevator buildings, with specialty buildings next occupying 14 percent of the space. In sales, Jamaica has near average sales volume among other neighborhoods with $280.2 million in sales volume in the last two years and is the 8th highest in Queens. For development, Jamaica has 1.6 times the average amount of major developments relative to other neighborhoods and is the 4th highest in Queens. It had 2.4 million square feet of commercial and multi-family construction under development in the last two years, which represents 8 percent of the neighborhood’s built space. There were three pre-foreclosure suit filed among other mixed-use buildings in the past 12 months.

The block

On this tax block, PincusCo has identified the owners of 13 of the 25 commercial properties representing 187,796 square feet of the 279,635 square feet. The largest owner is Mattone Investors, followed by Sol Goldman Investments and then LIRR.
There are no active new building construction projects on this tax block.

The majority, or 52 percent of the 279,635 square feet of built space are retail buildings, with mixed-use buildings next occupying 39 percent of the space.

The seller

The PincusCo database currently indicates that Solil Management owned at least 251 commercial properties with 4,286 residential units in New York City with 7,463,535 square feet and a city-determined market value of $2.2 billion. (Market value is typically about 50% of actual value.) The portfolio has $18 million in debt, borrowed from State Farm Realty Mortgage. Within the portfolio, the bulk, or 43 percent of the 7,463,535 square feet of built space are elevator properties, with mixed-use properties next occupying 16 percent of the space. The bulk, or 74 percent of the built space, is in Manhattan, with Queens next at 18 percent of the space.

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