New York City · Commercial sale
Vernon Fee Holdings buys 10-11 46 Avenue in Queens for $12 million
An industrial building at 10-11 46 Avenue, Queens sold for $12,000,000 on September 9, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $12,000,000
- Sold
- September 9, 2026
- Property type
- Industrial building
- Building area
- 4,750 sq ft
- Price per sq ft
- $2,526
- Year built
- 1931
An industrial building in Queens sold for $12,000,000, far above its market value. The sale closed on September 9, 2026, according to city property records. The market value on the tax roll is $1,021,000.
The building at 10-11 46 Avenue has 4,750 square feet, per the tax roll. It was built in 1931 on a 5,000-square-foot lot. The sale price works out to $2,526 per square foot.
The buyer is Vernon Fee Holdings LLC, and the seller is FPR Property Holdings, LLC, the deed shows. The sale was recorded by the city's ACRIS system.
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 $315,000 for the nYC real property transfer tax (commercial/other) and $48,000 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 $11,764,660. 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 $12,203,522 at closing. That covers the full price and closing costs.
Source: NYC Department of Finance, ACRIS (NYC Open Data), document 2026091600685002. 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.
