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Ashkenazy Acquisition Corporation Purchases Retail Asset At The Shops At Atlas Park For $72M

Property Image
SOLD
$72,000,000
Christopher (Chris) Kramer
Marcella Fasulo
+ 7

New York

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Retail374,000 SF
Sold 07/31/2025
the dealplayerscompscontact
Property Image
SOLD

Ashkenazy Acquisition Corporation Purchases Retail Asset At The Shops At Atlas Park For $72M

80 00 Cooper Avenue

See Similar Deals
Retail374,000 SF
Sold 07/31/2025
Christopher (Chris) Kramer
Marcella Fasulo
+ 7
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$192
Total Square Footage:374,000 SF
Transaction Type:Sale

The Shops at Atlas Park, a retail asset located at 80-00 Cooper Avenue in Glendale, comprises approximately 374,000 square feet and sold for $72,000,000 at $192 per square foot.

Summary of transation details:

The deal involved a Newmark broker team representing the parties, including Adam Spies, Adam Doneger, Joshua (Josh) King, Marcella Fasulo, Conor Lalor, Michael Collins, Doug Harmon, Jordan Roeschlaub, Christopher Kramer, Nick Scribani and Dan O'Brien, with Ashkenazy Acquisition Corporation as the buyer and Macerich alongside Walton Street Capital as sellers. The transaction date was July 31, 2025.

Players

Adam Doneger
190 deals$50.2B volume(516) 317-7837
BROKER

Nick Scribani
Newmark
193 deals$55.3B volume(212) 372-2113
BROKER

Adam Spies
Newmark
263 deals$71.8B volume(212) 841-7500
BROKER

Douglas (Doug) Harmon
Newmark
130 deals$47.6B volume
BROKER

Joshua King
Newmark
115 deals$32.8B volume(212) 850-5427
BROKER

Marcella Fasulo
Newmark
94 deals$25.9B volume
BROKER

Christopher (Chris) Kramer
Newmark
114 deals$23B volume(212) 850-5472
BROKER

Michael (Mike) Collins
Newmark
22 deals$4.9B volume
BROKER

Jordan (Jordy) Roeschlaub
Newmark
324 deals$97.5B volume
BROKER

Conor Lalor
Newmark
10 deals$1.4B volume(404) 956-3295
BROKER

Newmark
BROKERAGE


Macerich
SELLER

Details

SOLD
IMAGE: Adam Spies, Doug Harmon, Joshua King, Marcella Fasulo, Adam Doneger, Conor Lalor, Jordan Roeschlaub, Christopher Kramer, Nick Scribani & Michael Collins DATE: 7/31/2025 ADDRESS: 80-00 Cooper Avenue - The Shops at Atlas Park MARKET: Glendale ASSET TYPE: Retail BUYER: Ashkenazy Acquisition Corporation (@AACRealty) SELLER: Macerich & Walton Street Capital BROKERS: Adam Spies, Adam Doneger (@ADoneger), Joshua (Josh) King, Marcella Fasulo (@MMFasulo), Conor Lalor & Michael Collins, Doug Harmon, Jordan Roeschlaub, Christopher Kramer, Nick Scribani & Dan O'Brien - Newmark (@Newmark) SALE PRICE: $72,000,000 SF: 374,000 ~ PPSF: $192

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,840,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$255,800.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$341,316.73
Annual Debt Service$4,095,800.79