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

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SOLD
$14,700,000
Matthew (Matt) Colantonio
Steven Hakakian
Baruch Edelkopf
+ 2

New York

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Retail32,000 SF
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Property Image
SOLD

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

137 20 Cross Bay Boulevard

See Similar Deals
Retail32,000 SF
Sold
Matthew (Matt) Colantonio
Steven Hakakian
Baruch Edelkopf
+ 2
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$459
Total Square Footage:32000 SF
Transaction Type:Sale

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:

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.

Players

Jake Gluck
Fortune Capital Group
Jake Gluck
40 deals$393.2M volume(973) 713-5331
BROKER
Michael Helmreich
Fortune Capital Group
Michael Helmreich
34 deals$588.6M volume(973) 986-5954
BROKER
Baruch Edelkopf
BK Real Estate Advisors
Baruch Edelkopf
26 deals$108M volume(646) 919-2446
BROKER
Steven Hakakian
Schuckman Realty
Steven Hakakian
13 deals$27.8M volume(845) 596-5183
BROKER
Matthew (Matt) Colantonio
Schuckman Realty
Matthew Colantonio
5 deals$28.2M volume
BROKER
SR
Slope Realty
SELLER
Fortune Capital Group
Fortune Capital Group
LENDER

Details

SOLD
IMAGE: Baruch Edelkopf, Matthew (Matt) Colantonio, Jake Gluck, Michael Helmreich, Steven Hakakian DATE: 02/21/2025 ADDRESS: 137-20 Cross Bay Boulevard MARKET: Ozone Park ASSET TYPE: Retail BUYER: John & Peter Tal SELLER: Shmuel Goldstein - Slope Realty SELLER'S REP: Baruch Edelkopf (@Baruch_In_Brooklyn), Matt Colantonio (@M_Cole8_) & Steven Hakakian (@StevenHakakian) - Schuckman Realty (@Schuckman.Investment.Sales) MORTGAGE BROKER: Jake Gluck (@LuckyJack87) & Michael Helmreich (@MikeHelmreich) - Fortune Capital Group (@Fortune_Capital_Group) SALE PRICE: $14,700,000 SF: 32,000 ~ PPSF: $459 NOTE FROM BROKER: Schuckman Realty Inc. is pleased to announce the successful sale of 137-20 Cross Bay Blvd. The property is a 32,000-square-foot shopping center situated on a 58,306-square-foot lot. New Jersey investors John and Peter Tal purchased it for $14.7 million in a deal that closed on February 21, 2025. The property was fully leased at closing, with the newest tenants being Panera Bread and The UPS Store, along with Dollar Tree and Mattress Firm, serving alongside other local tenants. Schuckman Realty INC exclusively represented the seller, Shmuel Goldstein from Slope Realty and Wasa Properties, and successfully negotiated the transaction. Additionally, Schuckman Realty identified the buyer and worked closely with Fortune Capital Group’s Jake Gluck and Michael Helmreich to secure an $8.1 million mortgage from Chase for the buyer’s acquisition. If you are looking for retail, mixed-use, multifamily, or development site opportunities, please reach out to Schuckman Realty Inc.’s Investment Sales Team to see how we can assist you in NYC, Long Island, and the Tri-State area.

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