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New York & Tri-State  + Outer  + Retail  | 

Redeveloped Bensonhurst Retail Trades for $17M

Cushman & Wakefield arranged the $17.25-million sale of 2076-2084 86th St. in Brooklyn’s Bensonhurst neighborhood. The newly redeveloped 7,806-square-foot, two-story retail building is currently occupied by Bank of America and Chipotle. 

A Cushman & Wakefield team of Jordan Sutton, Andreas Efthymiou, Robert M. Shapiro and Christopher Sheldon represented the seller, reportedly Wharton Properties. The buyer reportedly was Lloyd Goldman. 

“This was an exceptional opportunity to acquire a fully redeveloped, well-performing retail asset in a high-demand area of Brooklyn,” said Efthymiou. “The asset is located in the borough’s core business district of 86th Street and 21st Avenue and is anchored by two high-quality and long-term tenants.”

The building recently underwent a complete redevelopment, with a second story being added, while receiving a new roof and interior upgrades.  

“This is an excellent investment and we’re pleased to have found the right buyer for our valued client,” added Sutton. 

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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 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 also 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.

  • ◦Sale/Acquisition
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