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New York & Tri-State  + Outer  + Retail  | 

Ashkenazy Picks Up Full Block of Retail in Sheepshead Bay

Ashkenazy Acquisition Corporation has closed on the $38.25-million purchase of a shopping center in Sheepshead Bay, Brooklyn. The 81,000-square-foot, full-block center at 3779-3861 Nostrand Ave. was previously owned by the LeFrak Organization.

A B6 Real Estate Advisors team of Thomas Donovan, Eugene Kim, Tommy Lin and Robert Rappa brokered the transaction. The property was originally put under contract while the team was at Cushman & Wakefield.

Tenants at the shopping center include Aldi and Blink Fitness. The Ashkenazy deal is among the larger retail transactions in the borough to date. The all-time largest was Vornado Realty Trust’s $751-million sale of Kings Plaza Shopping Center to Macerich in 2012.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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