Z Capital pays $2.6M for 11-unit walkup in Ozone Park

Z Capital through the entity Z Cap Complex LLC paid $2.6 million to Ravinder Singh through the entity 104 Ozone LLC for the 11-unit residential walkup building (C5) at 95-34 104th Street in Ozone Park, Queens. The expected use is cash flowing.
The deal closed on January 28, 2026 and was recorded on February 9, 2026. The property has 2,160 square feet of built space and 1,870 square feet of additional air rights for a total buildable of 4,008 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $1,203 and the price per buildable square foot is $648 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 October 10, 2019, for $2.1 million. The signatory for Ravinder Singh was Ravinder Singh. The signatory for Z Capital was Israel Z. Babayev . The contract date was November 10, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Z Capital purchased four properties in four transactions for a total of $2.8 million and has no record it sold any properties over the past 24 months.
The seller Ravinder Singh had not purchased any other properties and had not sold any properties over the same time period. The former owners according to the Department of Housing Preservation and Development includes Dharminder Singh, head officer and Ravinder Singh, individual owner. The business entity is 104 Ozone Llc. The 2,160-square-foot property generated revenue of $56,333 or $26 per square foot, according to the most recent income and expense figures.

The property

The residential walkup building with 11 residential units in Ozone Park has 2,160 square feet of built space and 1,870 square feet of additional air rights for a total buildable of 4,008 square feet according to a PincusCo analysis of city data. The parcel has frontage of 66 feet and is 80 feet deep with a total lot size of 5,344 square feet. The zoning is R4-1 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 $270,000.

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 block

On this tax block, PincusCo has identified the owners of one of the three commercial properties representing 2,160 square feet of the 2,160 square feet. The identified owner is Ravinder Singh.
There are no active new building construction projects on this tax block.

The majority, or 100 percent of the 2,160 square feet of built space are walkup buildings, with industrial buildings next occupying 0 percent of the space.

The seller

The PincusCo database currently indicates that Ravinder Singh owned at least two commercial properties with 70 residential units in New York City with 2,880 square feet and a city-determined market value of $1.3 million. (Market value is typically about 50% of actual value.) The portfolio has $14 million in debt, borrowed from First National Bank of Long Island. Within the portfolio, the bulk, or 75 percent of the 2,880 square feet of built space are walkup properties, with development properties next occupying 25 percent of the space. They are all located in Queens.

The buyer

The PincusCo database currently indicates that Z Capital owned at least four commercial properties with eight residential units in New York City with 10,880 square feet and a city-determined market value of $3 million. (Market value is typically about 50% of actual value.) Within the portfolio, all identified are mixed-use properties. They are all located in Brooklyn.

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