Walmart makes tiny land purchase, its first in NYC, for $286K in Queens

Walmart through the entity Wal-Mart Real Estate Business Trust paid $286,316 and acquired a leasehold and easements from Blum Enterprises for 1 parcel, including the tax class land zoned residential (V0) at 257th Street in Rosedale. The deal closed on December 30, 2020 and was recorded on January 28, 2021. The parcel is a thin strip of land adjacent to and open to a Walmart store that is part of the Green Acres Mall in Nassau County.

This is Wal-Mart’s first purchase of land in New York City, according to a review of city property records by PincusCo.

Walmart executives have purchased residential real estate.

Walmart also bought from Blum one entire building in the mall occupied by Walmart, according to the NYC property filing, which Nassau County assigned a fair market value of $17.3 million. The sale price was not disclosed. Nassau County records did not disclose a recent sale at the parcel.

The transferred property is effectively contiguous with the mall parking and roadway space adjacent to the Walmart building in the mall. A Google Earth view shows the space was occupied by trucks and smaller items . The contract date was October 7, 2020.
Direct link to Acris document. link
The signatory for the buyer was Hunter Hart.