{"id":321433,"date":"2026-08-14T17:18:51","date_gmt":"2026-08-14T17:18:51","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/321433\/"},"modified":"2026-08-14T17:18:51","modified_gmt":"2026-08-14T17:18:51","slug":"first-pioneer-properties-buys-queens-retail-center-for-24m-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/321433\/","title":{"rendered":"First Pioneer Properties Buys Queens Retail Center for $24M \u2013 Commercial Observer"},"content":{"rendered":"

New York-based real estate management and development firm First Pioneer Properties<\/a>, along with ABS Partners Real Estate<\/a>, has acquired a Queens retail center from Levy Properties<\/a> for $23.5 million, property records made public Thursday show<\/a>.\u00a0<\/p>\n

The one-story property at 213-04 Northern Boulevard in Bayside is currently home to an urgent care medical office and Bebeang Baby Store.\u00a0<\/p>\n

SEE ALSO: Pinnacle Group Offloads $128M Condominium and Commercial Portfolio in NYC<\/a><\/p>\n

Jennifer Markowitz of Levy Properties signed the deal for the seller, while Suresh Sani, owner of First Pioneer Properties, signed for the buyers. ABS seems to act as a frequent co-investor and partner of First Pioneer Properties.<\/p>\n

It\u2019s unclear who brokered the deal. The buyers and seller did not immediately respond to Commercial Observer\u2019s requests for comment.\u00a0<\/p>\n

The property has 24,000 square feet of built space and 74,350 square feet of additional air rights for a total of 98,478 buildable square feet, according to data from PincusCo.<\/p>\n

The buyers\u2019 intentions for the property are unclear, but Queens has been awash with multifamily developments lately. This month, Wells Fargo provided a $175 million construction loan to the Domain Companies for a 429-unit mixed-income housing development<\/a> at 35-45, 35-33 and 35-42 41st Street in Astoria. Also this month, LMXD and BedRock Real Estate Partners closed on a $250 million loan<\/a> to build a housing development at 35-10 Steinway Street in Astoria.<\/p>\n

Earlier this summer, another Queens retail property changed hands<\/a> when Punia & Marx Real Estate sold the Whitestone Shopping Center at 153-15 Cross Island Parkway for $56 million. Meanwhile, a historic Queens bowling alley \u2014 Whitestone Lanes \u2014 at 30-05 Whitestone Expressway in Flushing \u2014 sold<\/a> for $45 million in June as part of a major multifamily development project coming to the area.<\/p>\n

Amanda Schiavo can be reached at aschiavo@commercialobserver.com<\/a>.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"New York-based real estate management and development firm First Pioneer Properties, along with ABS Partners Real Estate, has…\n","protected":false},"author":2,"featured_media":321434,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[3624,121087,121088,9,24,63,122,124,123,121089],"class_list":["post-321433","post","type-post","status-publish","format-standard","has-post-thumbnail","category-queens","tag-channel","tag-investments-sales-213-04-northern-boulevard","tag-jennifer-markowitz","tag-new-york","tag-new-york-city","tag-nyc","tag-queens","tag-queens-headlines","tag-queens-news","tag-suresh-sani"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/321433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=321433"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/321433\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/321434"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=321433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=321433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=321433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}