New York City · Commercial sale

A&r US buys 40-06 Main Street in Queens for $15.3 million

A retail building at 40-06 Main Street, Queens sold for $15,300,000 on August 12, 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 30, 2026

Sold August 12, 2026 · New York, New York

Aerial view of 40-06 Main 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: $15,300,000
Sold: August 12, 2026
Property type: Retail building
Building area: 6,331 sq ft
Price per sq ft: $2,417
Year built: 1931

Seller and buyer net sheets for this sale

Seller Buyer

NetSheet.orgAugust 12, 2026

Seller's estimated net sheet

40-06 Main Street, Queens

Sale price	$15,300,000
Prorations
Property tax proration (refund to seller)	$222,709.32
Title and settlement
Settlement / closing fee	$250
Seller's attorney fee	$1,500
Transfer taxes and recording
NY State real estate transfer tax	$61,200
NY State additional transfer tax (NYC non-residential $2M+)	$38,250
NYC real property transfer tax (commercial/other)	$401,625
Other costs
Wire / courier / payoff processing	$75
Total deductions	$502,900
Estimated net to seller	$15,019,809.32

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NetSheet.orgAugust 12, 2026

Buyer's estimated net sheet

40-06 Main Street, Queens

Purchase price (cash)	$15,300,000
Title and settlement
Owner's title insurance policy	$51,575.55
Settlement / closing fee	$250
Buyer's attorney fee	$2,000
Transfer taxes and recording
Deed recording fee	$250
Prorations
Reimburse seller for prepaid taxes	$222,709.32
Closing costs and prepaids	$276,784.87
Estimated cash to close	$15,576,784.87

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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 ($252,450).
Title and settlement fees are typical estimates, not quotes.

Selling in Queens?

New York City transfer tax and closing costs

A retail building at 40-06 Main Street sold for $15,300,000 on August 12, 2026. That is 2.4 times its $6,254,000 market value on record, according to New York City Department of Finance records.

The New York City Department of Finance's ACRIS property records list 40-06 Main Street Realty Inc. as the seller and A&r US LLC as the buyer.

Department of Finance records show 6,331 square feet of building area on a 2,515-square-foot lot. The building was built in 1931. The sale price works out to $2,417 per square foot.

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 $401,625 for the nYC real property transfer tax (commercial/other) and $61,200 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 $15,019,809. 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 $15,576,785 at closing. That covers the full price and closing costs.

Run this net sheet with your numbers (free)

40-06 Main Street, Queens, NY.

Source: NYC Department of Finance, ACRIS (NYC Open Data), document 2026081800680001. 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.