B6 Real Estate Advisors handled the sale of 106-20 Corona Ave. in Corona, Queens for $3.16 million. The property is located across the street from the renowned Park Side Restaurant.
The 10,550-square-foot property consists of three retail tenants, two of which are restaurants that remained opened through the pandemic – Don Alex and Paraiso Colombiano. The third tenant is clothing shop Irene’s Fashion.
Thomas Donovan, Tommy Lin, Eugene Kim, Robert Rappa, and Bradley Rutkin, all of B6, represented seller Chris Valsamos. The buyer was Simko Aranbeyev, who acquired the property as an investment.
The sale demonstrates that demand for free market properties in well-located areas continues to surge, says B6.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).