New York City · Commercial sale

42-01 28th Avenue buys 5 parcels in Queens for $8.5 million

A group of 5 parcels including 25-85 42nd Street, Queens sold for $8,500,000 on September 8, 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 November 6, 2026

Sold September 8, 2026 · New York, New York

Aerial view of 25-85 42nd Street, 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: $8,500,000
Sold: September 8, 2026
Property type: Group of 5 parcels

Seller and buyer net sheets for this sale

Seller Buyer

NetSheet.orgSeptember 8, 2026

Seller's estimated net sheet

25-85 42nd Street, Queens

Sale price	$8,500,000
Prorations
Property tax proration (refund to seller)	$113,352.74
Title and settlement
Settlement / closing fee	$250
Seller's attorney fee	$1,500
Transfer taxes and recording
NY State real estate transfer tax	$34,000
NY State additional transfer tax (NYC non-residential $2M+)	$21,250
NYC real property transfer tax (commercial/other)	$223,125
Other costs
Wire / courier / payoff processing	$75
Total deductions	$280,200
Estimated net to seller	$8,333,152.74

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NetSheet.orgSeptember 8, 2026

Buyer's estimated net sheet

25-85 42nd Street, Queens

Purchase price (cash)	$8,500,000
Title and settlement
Owner's title insurance policy	$30,522.55
Settlement / closing fee	$250
Buyer's attorney fee	$2,000
Transfer taxes and recording
Deed recording fee	$250
Prorations
Reimburse seller for prepaid taxes	$113,352.74
Closing costs and prepaids	$146,375.29
Estimated cash to close	$8,646,375.29

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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 ($140,250).
Title and settlement fees are typical estimates, not quotes.

Selling in Queens?

New York City transfer tax and closing costs

A group of 5 parcels, including 25-85 42nd Street in Queens, sold for $8,500,000. The New York City Department of Finance's ACRIS property records date the sale to September 8, 2026.

The record lists PV Owner LLC as the seller and 42-01 28th Avenue LLC as the buyer.

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 $223,125 for the nYC real property transfer tax (commercial/other) and $34,000 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 $8,333,153. 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 $8,646,375 at closing. That covers the full price and closing costs.

Run this net sheet with your numbers (free)

25-85 42nd Street, Queens, NY.

Source: NYC Department of Finance, ACRIS (NYC Open Data), document 2026092200227001. 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.