Isaac Massry And Isaac Chera Acquire Retail Space From Macy's For $16M In Staten Island

The retail asset sold is located at 98 Richmond Hill Road in Staten Island. The sale was executed at a price of $16,000,000. This property was previously known as Macy’s Furniture Gallery and is situated in the New Springville area.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $16,000,000
• Buyer: Isaac Massry - Wharton Realty Group & Isaac Chera - Crown Acquisitions
• Seller: Macy’s Retail Holdings

A joint venture was established between Wharton Realty Group and Crown Acquisitions to facilitate the purchase of the property. This collaboration represents a strategic acquisition by the involved parties in the Staten Island retail market.