Suresh Sani Of First Pioneer Properties And Gregg L. Schenker Of ABS Real Estate Partners Acquire Retail Center In Queens For $23.5M

The property involved in this transaction is a retail strip center located at 213-04 Northern Boulevard in Bayside, Queens. The asset has a total square footage of 40,000 and was sold for a price of $23,500,000, resulting in a price per square foot of $588.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $23,500,000
• Address: 213-04 Northern Boulevard
• Market: Queens
• Square Footage: 40,000
• Price per Square Foot: $588
• Buyer: Suresh Sani - First Pioneer Properties
• Buyer: Gregg L. Schenker - ABS Real Estate Partners
• Seller: Mixed Foursome LLC

In this transaction, Suresh Sani and Gregg L. Schenker represented First Pioneer Properties and ABS Real Estate Partners, respectively. The buyer group acquired the property from the seller, Mixed Foursome LLC, marking a significant transaction in the Queens retail market.