You are reading

Myrtle Avenue Property Sells for $9.3 Million, Includes Former Happy Days Building

Happy Days operated at 56-40/56-42 Myrtle Ave. before it closed (Google)

Nov. 12, 2019 By Christian Murray

A large piece of Myrtle Avenue real estate owned by the operators of the now-shuttered Happy Days Children’s clothing store has sold for $9.3 million.

The property, which incorporates the site where Happy Days once operated, consists of three contiguous parcels at 56-40/56-42 Myrtle Ave. and 17-11 Hancock St. The property was owned by the Mizrahi family, who operated Happy Days for over 40 years.

The buildings offers 40 feet of retail frontage on Myrtle Avenue, the main retail thoroughfare, and more than 45,000 buildable square feet.

The three contiguous parcels (City Planning)

The property was bought by Leopald Kaufman and the deal was brokered by Ariel Property Advisors.

The deal closed on Oct. 29, 2019, and was recorded on Nov. 6, 2019.

The brokers said that the property was in demand and sold quickly.

“Bolstered by the benefits of a strong retail location, proximity to major transportation hubs, and future redevelopment potential spurred an active bidding process for the properties, which allowed us to secure the buyer within just 30 days of marketing the asset,” said Sean R Kelly, an agent for Ariel.

The Myrtle Avenue corridor boasts tenants such as AT&T, Chase, Dunkin Donuts, Rite Aid, McDonalds and KFC.

17-11 Hancock St. (Ariel Property Advisors)

 

email the author: news@queenspost.com
No comments yet

Leave a Comment
Reply to this Comment

All comments are subject to moderation before being posted.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Recent News

Ridgewood mother and daughter arrested for attacking woman over parking spot: NYPD

A Ridgewood mother and daughter were arrested Monday after they ambushed a young Black woman who tried to park her car in a spot in front of their apartment building that they frequently cordon off with garbage cans and traffic cones.

A family friend was standing at the northeast corner of Onderdonk Avenue and Putnam Avenue at around 7:30 p.m. when the 21-year-old Jada McPherson tried to park her car in the spot. The man placed a garbage can in her way. She drove off and circled the block multiple times. She tried to pull into the same spot one more time, but the man tried to stop her again. McPherson got out of her car to confront him, and an argument ensued.

Man in his 50s sought for exposing himself to 13-year-old on E train in Forest Hills: NYPD

Police from the 112th Precinct in Forest Hills and Transit District 20 are looking for a suspect who allegedly flashed a 13-year-old girl on a Queens subway train last month.

The victim was riding a southbound E train approaching the Kew Gardens-Union Turnpike station at around 1 p.m. on Monday, June 30, when she saw a stranger exposing himself to her, police said Wednesday. The perpetrator ran off the train at the Kew Gardens-Union Turnpike station and fled in an unknown direction. The youngster was not injured during her encounter with the stranger.