Kenneth Schuckman Of Schuckman Realty Secures $15 Million Refinance For Atlantic Plaza In Ozone Park
102-20 Atlantic Avenue
$15,000,000
$429/SF
Building Size
34,949 SF
Asset Type
Retail
Closing
Jul 16, 2026
AI
102-20 Atlantic Avenue is a grocery-anchored retail center located in Ozone Park, Queens. This property encompasses a total area of 34,949 square feet and is associated with a refinancing loan amounting to $15,000,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $15,000,000
- Address: 102-20 Atlantic Avenue
- Market: Ozone Park
- Landlord: Kenneth Schuckman - Schuckman Realty
- Brokers: Robert Delitsky & Keith Braddish - NorthMarq
- Loan Type: Refinance
The refinance was arranged by Northmarq specifically for Schuckman Realty Inc.’s Atlantic Plaza Shopping Center, positioning it prominently in the retail market of the region.
Players
Ozone Park Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93