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108-22 Queens Boulevard

108-22 Queens Boulevard
Forest Hills, NY 11375
(212) 624-4300
Ground Lease, Other

The Midway Theater building in Forest Hills was built in 1940 as a single-screen cinema. Lloyd Goldman of BLDG Management and a group of investors including Eric Roth of Brick Realty Capital and Eastern Consolidated's Brian Ezratty bought the retail building for $20.5 million in September 2013.

Home of the United Artists Regal Cinema, which has a long-term lease, the two-story, 48,400-square-foot property at the corner of 71st Road offers a tremendous opportunity for future growth, with 65,000 square feet of available development rights once the long-term lease expires, Roth said at the time of the purchase.

David Robinov, director of Ackman-Ziffs investment sales group, worked for seller Federal Realty Investment Trust, which specializes in retail and mixed-use properties; Alan Perlmutter of GCP Capital Group arranged financing for the buyers. NE

  • Address 108-22 Queens Boulevard
  • neighborhood Forest Hills
  • borough Queens
  • owner Brick Capital Group
  • owner entity QUEENS GERP LLC
  • square feet 48,400
  • const. status Proposed
  • block and lot 4-03256-0009
  • BIN 4077994