Deer Grow Developments Acquires Retail Property In Rockaway Park For $3M

The retail strip located at 1326-1342 Beach Channel Drive in the Rockaway Park neighborhood of Queens, New York, spans 5,736 square feet and was recently sold for $3 million. The property features a diverse tenant mix, including a Little Caesars pizzeria, a restaurant, deli, grocery store, hair salons, and a barbershop. With approximately 115 feet of frontage on Beach Channel Drive, the asset offers an attractive investment opportunity in a bustling commercial area.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,000,000.00
• Address: 1326 Beach Channel Dr, Queens, NY
• Market: Rockaway Park
• Seller's Rep: Stephen R. Preuss Sr. (Ripco)
• Buyer: Deer Grow Developments
• SF: 5736

Stephen Preuss of Cushman & Wakefield acted as the seller's representative in the transaction, representing Beach Channel 12 LLC / 1326 Beach Channel Realty Corp. On the buyer's side was Deer Grow Developments, completing the acquisition of this prime retail property in Queens. The involvement of these key individuals and companies highlights the collaborative effort that led to the successful sale of the retail strip.