John And Peter Tal Acquire Retail Property In Ozone Park From Shmuel Goldstein For $14.7M

The property involved in the transaction is a shopping center located at 137-20 Cross Bay Boulevard in Ozone Park. The sale was completed for $14.7 million, encompassing a total area of 32,000 square feet on a 58,306-square-foot lot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $14,700,000
• Square Footage: 32,000
• Price Per Square Foot: $459
• Buyer: John & Peter Tal
• Seller: Shmuel Goldstein - Slope Realty
• Seller's Representative: Baruch Edelkopf, Matt Colantonio & Steven Hakakian - Schuckman Realty
• Mortgage Broker: Jake Gluck & Michael Helmreich - Fortune Capital Group

The transaction was facilitated by Schuckman Realty, which represented the seller and identified the buyer. The property was fully leased at the time of closing, featuring tenants such as Panera Bread, The UPS Store, Dollar Tree, and Mattress Firm. Additionally, Fortune Capital Group secured an $8.1 million mortgage for the buyer from Chase for the acquisition.