Jeff Sutton Of Wharton Properties Acquires Retail Property In Jamaica Queens For $3.75M

A retail property located at 166-19 Jamaica Avenue in Jamaica, Queens was involved in this transaction. The sale price for the asset was $3,750,000. The property is secured by a note acquired by the buyer.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,750,000
• Buyer: Jeff Sutton - Wharton Properties
• Seller: Stephen A. Schwarzman - Blackstone Group
• Seller: Jeff Krasnoff - Rialto Management Group
• Date: 06/06/2025

Jeff Sutton’s Wharton Properties acquired a $3.75M note from Blackstone and Rialto, highlighting the engagement of established firms in the transaction. The involvement of J&M Lender I LLC in the acquisition underscores the financing aspect associated with the property at this location.