Press Releases
Marcus & Millichap Arranges $5.2 Million Sale of Grocery-Anchored Retail Asset in Rego Park
March 03, 2025
NEW YORK, Mar. 3, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a 9,640-square-foot building anchored by C-Town Supermarket in Rego Park, Queens, New York. The property sold for $5,205,000.
“This property is located in the heart of the retail market in Queens,” said Joseph C. French Jr. “We were able to create a bidding war, which allowed us to achieve the highest price the market would pay.”
Joseph C. French Jr. and Kodi Traver, investment specialists in Marcus & Millichap’s Westchester office, exclusively marketed the property on behalf of the seller and procured the buyer, both private investors.
Located at 94-02 to 94-06 63rd Drive, the grocery-anchored strip features three additional service-oriented tenants and 100 feet of retail frontage on 63rd Drive, adjacent to Queens Boulevard. Positioned at a high-traffic intersection in Rego Park’s retail core, the property benefits from strong visibility and foot traffic. Nearby national retailers include Costco, Aldi and At Home.
“This property is located in the heart of the retail market in Queens,” said Joseph C. French Jr. “We were able to create a bidding war, which allowed us to achieve the highest price the market would pay.”
Joseph C. French Jr. and Kodi Traver, investment specialists in Marcus & Millichap’s Westchester office, exclusively marketed the property on behalf of the seller and procured the buyer, both private investors.
Located at 94-02 to 94-06 63rd Drive, the grocery-anchored strip features three additional service-oriented tenants and 100 feet of retail frontage on 63rd Drive, adjacent to Queens Boulevard. Positioned at a high-traffic intersection in Rego Park’s retail core, the property benefits from strong visibility and foot traffic. Nearby national retailers include Costco, Aldi and At Home.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
