Real estate investor Ruby Schron has forked out $25 million to buy a 49,000-square-foot building at 532 Neptune Avenue near Coney Island, according to public records filed with the city today. But the notoriously low-key real estate mogul isn’t just looking to be closer to the Cyclone.
Schron plans on tearing down a fence on the edge of the property and combining his latest acquisition with the adjacent Trump Village Shopping Center, which he has owned since the early 2000s, he told The Real Deal via a spokesperson. The three-story building he purchased has eight commercial units. Retailer Walgreens occupies the ground floor. [more]