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Malachite Group Acquires Rego Park Retail Portfolio For $66 Million With Meridian Capital Group As Brokers

Property Image
SOLD
$66,000,000
Tommy Lin
Thomas (Tom) Donovan
+ 5

New York

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Retail90,000 SF
Sold 12/17/2025
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Property Image
SOLD

Malachite Group Acquires Rego Park Retail Portfolio For $66 Million With Meridian Capital Group As Brokers

Retail90,000 SF
Sold 12/17/2025
Tommy Lin
Thomas (Tom) Donovan
+ 5
Contact now

Summary

Asset Type:Retail
Price Per Square Foot:$733
Total Square Footage:90,000 SF
Transaction Type:Sale

The Rego Park Retail Portfolio, located in Rego Park, Queens, consists of retail space with a total square footage of 90,000. The property was sold for a transaction amount of $66,000,000, resulting in a price per square foot of $733.

Summary of transaction details:

The transaction involved Malachite Group as the buyer, with representation by Meridian Capital Group, which included multiple brokers. This transaction reflects the collaboration among various industry professionals in securing the successful sale of the retail asset.

Players

Helen Hwang
19 deals$2.5B volume
BROKER

Thomas (Tom) Donovan
Meridian Capital Group
51 deals$730.7M volume(646) 502-3481
BROKER

Tommy Lin
Meridian Capital Group
30 deals$515.9M volume(646) 502-3484
BROKER

Yasmin Kheradpey
Meridian Capital Group
11 deals$1.3B volume
BROKER

Brian Szczapa
Meridian Capital Group
14 deals$1.8B volume
BROKER

Eugene Kim
Meridian Capital Group
25 deals$491.1M volume(646) 502-3483
BROKER

Justin Axelrod
Meridian Capital Group
3 deals$124.2M volume(212) 468-5934
BROKER

Ian Shoenfeld
Meridian Capital Group
4 deals$431.8M volume(212) 468-5937
BROKER

BUYER

Details

SOLD
IMAGE: Helen Hwang, Thomas Donovan, Brian Szczapa, Tommy Lin, Eugene Kim, Yasmin Kheradpey, Justin Axelrod & Ian Shoenfeld DATE: 12/18/2025 ADDRESS: Rego Park Retail Portfolio MARKET: Rego Park, Queens ASSET TYPE: Retail BUYER: Malachite Group BROKERS: Helen Hwang, Thomas Donovan (@TeamDonovan_Meridian), Brian Szczapa, Tommy Lin (@TommyLin.Meridian), Eugene Kim (@EugeneKim.Meridian), Yasmin Kheradpey, Justin Axelrod & Ian Shoenfeld - Meridian Capital Group (@Meridian.Capital.Group) SALE PRICE: $66,000,000 SF: 90,000 ~ PPSF: $733

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

$3,520,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$234,484.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$312,873.67
Annual Debt Service$3,754,484.06