Queens, NY A private real estate investor has acquired an 18,000 s/f full block retail strip for $9.65 million in an all-cash off-market deal.
Nir Mor and Daniel Rahmani, of Capital Property Partners acted for the purchaser, while Michelle Abramov of AssetCRG represented the seller, RJ Capital Holdings.
227-01- 227-23 Merrick Blvd. is located in the Laurelton area. The 18,400 s/f property is comprised of 14 retail units.
“200 ft. of frontage on Merrick is extremely rare to come across and the purchaser recognized that immediately,” said Mor. “It took a bit of convincing with the seller but ultimately we were able to come to an agreement on pricing and get a hard contract signed in less than week.”