Teachers Federal Credit Union paid $6M to Ncua Board As Liquidating Agent For Lomto FCU

Teachers Federal Credit Union paid Ncua Board As Liquidating Agent For Lomto Fcu $5.5 million for 1 parcel, including the tax class bank building with or without parking (K7) at 50-24 Queens Boulevard in Woodside. The deal closed on August 29, 2019 and was recorded on September 09, 2019. The parcel(s) have total development potential of 16,703 square feet.
The average sale price per square foot is $329.
The estimated cap rate is 5.2%
The last time the property sold was January 09, 2007, for $2,200,000.

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