
Cortland, NY Cleeman Realty Group negotiated the off-market sale of a net-leased Price Chopper Supermarket. The 69,764 s/f property is on 5.51 acres, and is situated along NY-13.
Sam Seelenfreund of Cleeman Realty Group represented the purchaser and seller. The buyer was drawn to the location’s strong consumer traffic, access, and the absolute net lease structure, which requires no landlord responsibilities.
“This transaction highlights the continued demand for well-located, high-performing grocery assets with stable, long-term leases,” said Seelenfreund, SVP at Cleeman Realty Group. “Investors remain focused on essential retail properties that offer predictable cash flow and require minimal management.”
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,