January 10, 2019
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.
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