New York City · Commercial sale

Prosperity Nation Development Group buys 38-24 32 Street in Queens for $15.2 million

A commercial property at 38-24 32 Street, Queens sold for $15,200,000 on August 18, 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 31, 2026

Sold August 18, 2026 · New York, New York

Aerial view of 38-24 32 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: $15,200,000
Sold: August 18, 2026
Property type: Commercial property
Lot size: 6,840 sq ft

Seller and buyer net sheets for this sale

Seller Buyer

NetSheet.orgAugust 18, 2026

Seller's estimated net sheet

38-24 32 Street, Queens

Sale price	$15,200,000
Prorations
Property tax proration (refund to seller)	$217,130.96
Title and settlement
Settlement / closing fee	$250
Seller's attorney fee	$1,500
Transfer taxes and recording
NY State real estate transfer tax	$60,800
NY State additional transfer tax (NYC non-residential $2M+)	$38,000
NYC real property transfer tax (commercial/other)	$399,000
Other costs
Wire / courier / payoff processing	$75
Total deductions	$499,625
Estimated net to seller	$14,917,505.96

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NetSheet.orgAugust 18, 2026

Buyer's estimated net sheet

38-24 32 Street, Queens

Purchase price (cash)	$15,200,000
Title and settlement
Owner's title insurance policy	$51,299.55
Settlement / closing fee	$250
Buyer's attorney fee	$2,000
Transfer taxes and recording
Deed recording fee	$250
Prorations
Reimburse seller for prepaid taxes	$217,130.96
Closing costs and prepaids	$270,930.51
Estimated cash to close	$15,470,930.51

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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 ($250,800).
Title and settlement fees are typical estimates, not quotes.

Selling in Queens?

New York City transfer tax and closing costs

A commercial property in Queens sold for $15,200,000, far above its $479,000 market value. The sale closed on August 18, 2026, according to the ACRIS property records.

The buyer is Prosperity Nation Development Group LLC. The sellers are Cerrone Realty and Development, LLC and Dobbins Hill NC, LLC, the deed shows.

The lot at 38-24 32 Street covers 6,840 square feet, tax records say. The Department of Finance lists its market value at $479,000.

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 $399,000 for the nYC real property transfer tax (commercial/other) and $60,800 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 $14,917,506. 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 $15,470,931 at closing. That covers the full price and closing costs.

Run this net sheet with your numbers (free)

38-24 32 Street, Queens, NY.

Source: NYC Department of Finance, ACRIS (NYC Open Data), document 2026082600309002. 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.