New York City · Commercial sale

4501 Vernon Ground Lessor buys 10-01 45 Road in Queens for $95 million

A health care building at 10-01 45 Road, Queens sold for $95,000,000 on September 9, 2026. See the seller and buyer net sheets for this sale.

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Automated sale report from public sales records · How we make these · Published October 26, 2026

Sold September 9, 2026 · New York, New York

Aerial view of 10-01 45 Road, Queens with the parcel outlined — Aerial photo: U.S. Geological Survey. Parcel outline: NYC Department of Finance. The photo can predate the sale.

Sale price: $95,000,000
Sold: September 9, 2026
Property type: Health care building
Building area: 90,000 sq ft
Price per sq ft: $1,056
Year built: 1931

Seller and buyer net sheets for this sale

Seller Buyer

NetSheet.orgSeptember 9, 2026

Seller's estimated net sheet

10-01 45 Road, Queens

Sale price	$95,000,000
Prorations
Property tax proration (refund to seller)	$1,262,589.04
Title and settlement
Settlement / closing fee	$250
Seller's attorney fee	$1,500
Transfer taxes and recording
NY State real estate transfer tax	$380,000
NY State additional transfer tax (NYC non-residential $2M+)	$237,500
NYC real property transfer tax (commercial/other)	$2,493,750
Other costs
Wire / courier / payoff processing	$75
Total deductions	$3,113,075
Estimated net to seller	$93,149,514.04

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NetSheet.orgSeptember 9, 2026

Buyer's estimated net sheet

10-01 45 Road, Queens

Purchase price (cash)	$95,000,000
Title and settlement
Owner's title insurance policy	$271,547.55
Settlement / closing fee	$250
Buyer's attorney fee	$2,000
Transfer taxes and recording
Deed recording fee	$250
Prorations
Reimburse seller for prepaid taxes	$1,262,589.04
Closing costs and prepaids	$1,536,636.59
Estimated cash to close	$96,536,636.59

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What these figures assume

No brokerage commission is shown: commissions on commercial deals vary and are not in the public record.
The seller figure is before any loan payoff.
The buyer side assumes a cash purchase with no financing.
Annual property tax estimated at 1.65% of price ($1,567,500).
Title and settlement fees are typical estimates, not quotes.

Selling in Queens?

New York City transfer tax and closing costs

A health care building at 10-01 45 Road in Queens sold for $95,000,000 on September 9, 2026. The sale is recorded in the New York City Department of Finance’s ACRIS property records.

The record lists DH Vernon LLC as the seller and 4501 Vernon Ground Lessor LLC as the buyer.

NYC Department of Finance records show 90,000 square feet of building area, a build year of 1931 and a 1.84-acre lot. The price works out to $1,056 per square foot. The market value on record is $11,493,000; the sale price is 8.3 times that.

This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.

What were the closing costs in New York City?

By our estimate, the seller's two largest charges, not counting prorations, were $2,493,750 for the nYC real property transfer tax (commercial/other) and $380,000 for the nY State real estate transfer tax. Who pays what follows New York City custom.

How much did the seller net?

By our estimate, the seller netted about $93,149,514. That is before any broker commissions and any loan payoff.

How much cash did the buyer bring to closing?

A cash buyer would need about $96,536,637 at closing. That covers the full price and closing costs.

Run this net sheet with your numbers (free)

10-01 45 Road, Queens, NY.

Source: NYC Department of Finance, ACRIS (NYC Open Data), document 2026091100548002. Property details: NYC Department of Finance. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.