Rosenthal & Rosenthal affiliate pays $17M to Gabriela Korn, Zamir Korn for retail in Maspeth

Business lending firm Rosenthal & Rosenthal through the entity Broadway Tenth/Flagstaff LLC paid Gabriela Korn and Zamir Korn’s GZ Acquisitions NY LLC $17 million for 61-13 Metropolitan Avenue in Maspeth. The deal closed on July 10, 2020, and was recorded on July 22, 2020. The transaction consists of 2 parcels, including a retail building and the tax class unlicensed parking lot (G7). The parcel(s) have total built space and development potential of 63,018 square feet.
The average sale price per square foot is $270.

Rosenthal & Rosenthal also assumed an $8 million loan provided by Lincoln Life & Annuity Company in 2013.

The contract date was April 27, 2020. Robert Prizer signed for Rosenthal & Rosenthal, a multi-generational business lending company that has owned real estate in the past, for instance 140 West 22nd Street, which it sold in 2005.

The last time the retail property sold was December 27, 2012, for $15,845,000.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on October 16, 2012.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link