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New York & Tri-State  + Outer  + Retail  | 

Retail Property Trades Along Busy Bay Ridge Corridor

JLL Capital Markets completed the sale of 531 86th St. in Bay Ridge, Brooklyn, on behalf of Developer’s Realty Corporation. The two-story, 37,412-square-foot retail property was acquired by A&H Acquisitions Corp for $14.1 million.

531 86th St. is located directly off the Gowanus Expressway in close proximity to Bay Ridge’s most popular retailers, restaurants, shopping and fitness centers. The property sits on the north side of 86th between 5th Avenue and Fort Hamilton Parkway with a municipal parking garage nearby for customer convenience.

The JLL team representing the seller included vice chairman Stephen Palmese, managing director Ethan Stanton, Michael Mazzara, Winfield Clifford and Brendan Maddigan.

“86th Street in Bay Ridge has a long history as a powerful retail destination, and this property benefits from its central location, its flexibility and from longstanding existing retail traffic patterns,” said Palmese.

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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