Kenneth Schuckman Acquires Broadway Commons Mall In Hicksville For $40M

The property involved in the transaction is a retail asset located at 358 North Broadway in Hicksville. The sale price for this asset was $40,000,000. The buyers of the property were Kenneth Schuckman and Kenneth Pasternak representing K/BTF Broadway LLC along with partners KABR Group, AJM Real Estate, and Burman Real Estate. The seller of the property was Sergio Ermotti from UBS Group AG.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $40,000,000
• Buyer: Kenneth Schuckman & Kenneth Pasternak - K/BTF Broadway LLC, KABR Group, AJM Real Estate & Burman Real Estate
• Seller: Sergio Ermotti - UBS Group AG
• Address: 358 North Broadway
• Market: Hicksville

Investor Kenneth Schuckman, along with KABR Group, AJM Real Estate, and Burman Real Estate, have successfully acquired Long Island's Broadway Commons mall, with the purchase price reported to be approximately $40 million. This strategic acquisition marks a significant investment in the retail sector for the buyer group.