Published On: Mon, Mar 28th, 2016

Gindi Capital Buys Pair of Queens Retail Buildings for $24 Million

Investment arm of family that owns Century 21 picked up the nine-unit shopping center

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GINDI 160-10 and 160-36 Cross Bay Boulevard in Howard Beach via Google Maps
The investment arm of the Gindi family, which owns department store Century 21, picked up a pair of one-story retail buildings in Howard Beach for a combined $24 million, according to city property records filed with the city this month.

Gindi Capital bought Cross Bay Plaza at 160-10 and 160-36 Cross Bay Boulevard from Joseph Abruzzi’s Bond Realty Inc. At 42, 055 square feet, the two buildings span an entire block between 160th and 161st avenues. The site has more than 95, 000 total buildable square feet available. [more]

Read the full story at The Real Deal, by Dusica Sue Malesevic

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