Zara Realty Acquires Mixed-Use Property In Queens For $56.5M From Seller Treetop Development - Azi Mandel And Adam Mermelstein

The mixed-use property located at 94-26 56th Avenue in New York, Queens, has been sold for $56,500,000. The asset is a combination of residential and commercial spaces, offering a diverse range of uses. The transaction was facilitated by Azi Mandel and Adam Mermelstein, representing Treetop Development, as the sellers. The buyer, Zara Realty, acquired the property in this closed deal.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $56,500,000
• Address: 94-26 56th Avenue, New York, Queens
• Market: Queens

Aaron Jungreis from Rosewood Realty Group acted as the broker in this transaction, representing the seller. His expertise and knowledge in the market contributed to the successful completion of the deal.