TA Realty Acquires Tysens Park Shopping Center In Staten Island For $79.2M
2754 Hylan Boulevard
$79,200,000
$430/SF
Building Size
184,204 SF
Asset Type
Retail
Closing
May 19, 2026
AI
The retail asset located at 2754 Hylan Boulevard in Staten Island consists of 184,204 square feet, which was sold for $79,200,000, translating to a price per square foot of $430. The entire building has a building square footage of 818,733, calculated at a price per building square foot of $97.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $79,200,000
- Buyer: TA Realty
- Seller: Paul A. Bregman - Bregman Organization
- Sale Date: May 19, 2026
- Recording Date: June 22, 2026
- Acquisition Vehicle: Scrs Tysen Park LLC
TA Realty executed the transaction, acquiring the Tysens Park Shopping Center from the Bregman Organization, indicating a cash-flowing retail acquisition in the Staten Island market.
Players
Leon Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93