Ozone Park, NY – February 26, 2025 – Schuckman Realty Inc. is pleased to announce the successful sale of 137-20 Cross Bay Boulevard, a 32,000-square-foot retail center, for $14.7 million. The transaction closed on February 21, 2025, marking another milestone in the dynamic Queens retail market.
Schuckman Realty’s Investment Sales Team, Baruch Edelkopf, Matt Colantonio and Steven Hakakian of Schuckman Realty represented the seller, Shmuel Goldstein of Slope Realty, in the transaction.
New Jersey-based investors John and Peter Tal acquired the fully leased shopping center, which sits on a 58,306-square-foot lot and features an established tenant mix, including Panera Bread, The UPS Store, Dollar Tree, and Mattress Firm, among other local and national retailers.
To facilitate the acquisition, the buyer secured an $8.1 million mortgage from Chase, arranged by Jake Gluck and Michael Helmreich of Fortune Capital Group
Schuckman Realty Inc. continues to be a leading force in retail, mixed-use, multifamily, and development site transactions across the New York Tri-State area. For investment opportunities or to learn more about how Schuckman Realty can assist in your next transaction, contact the Investment Sales Team today.
Lic. Associate RE Broker
be@schuckmanrealty.com
📩 Schuckman Realty Inc.
📍 120 North Village Avenue, Rockville Centre, NY 11570
📞 516-496-8888
🌐 schuckmanrealty.com
Keywords: Shopping Center News, Shopping Centers, Retail News, Investment Sales, Retail Property Sales, Property Sale, Property Sales
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