TA Realty pays $79.2M to Bregman Organization for Staten Island shopping center

TA Realty through the entity Scrs Tysen Park LLC paid $79.2 million to Bregman Organization through the entity Park Tysen Associates, LLC for Tysens Park Shopping Center (K6) at the addresses 2712 Hylan Boulevard at 2754 Hylan Boulevard in New Dorp Beach, Staten Island. The expected use is cash flowing.
The deal closed on May 19, 2026 and was recorded on June 22, 2026. The two properties have 184,204 square feet of built space and 632,284 square feet of additional air rights for a total buildable of 818,733 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $429 and the price per buildable square foot is $96 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Bregman Organization was Paul A. Bregman . The signatory for TA Realty was James P. Raisides . The contract date was February 19, 2026. The seller is an LLC, that was formerly a partnership, of a group of families that has owned the property for several decades. To finance the purchase, TA Realty borrowed $41.5 million from Principal Life Insurance. Levin Management won the management and leasing assignment following the sale.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer TA Realty had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Bregman Organization had not purchased any other properties and had not sold any properties over the same time period. Out of the two properties, one with a total of 184,204 square feet of built space generated revenue of $2.3 million per year.

The property

The lot is irregular. The zoning is C4-1 which allows for up to 1 times floor area ratio (FAR) for commercial and up to 1.25 times FAR for residential. The city-designated market value for one of the two properties in 2022 is $22.9 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the properties for the past 24 months. In addition, according to city public data, the properties have received $2,000 in OATH penalties in the last year.

The block

The majority, or 83 percent of the 1.2 million square feet of built space are elevator buildings, with retail buildings next occupying 16 percent of the space.

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