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
About this deal
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.
On the Map
$15,000,000
$429/SF
Retail
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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