Robert Khodadadian – Commercial Observer

The owner of a Uzbeki grocery store chain Tashkent Supermarket, Odiljon Tursunov, bought the retail building at 1100 Kings Highway in Sheepshead Bay, Brooklyn for $34 million from an entity tied to the Chetrit Group, according to property records made public Friday.

Tursunov scored a $7.8 million gap mortgage and a $24 million loan to refinance previous debt on the property from 1100 KH Lender, which shares an address with Isaac Chetrit’s AB & Sons, according to city records. 

Isaac and Eli Chetrit purchased an $18 million defaulted bank note on the currently vacant single-story property from Signature Bank last year, with plans to use it as a development site at the time, Crain’s New York Business reported. In September, the Chetrits consolidated additional debt on the building into one $16.2 million loan with Signature, according to property records.

David Chetrit then filed permits to demolish the interior walls of the 20,000-square-foot property last month, which could potentially clear the way for a grocery store— something Tursunov is known for— according to New York City Department of Buildings records.

Tursunov opened the first Tashkent — named after the capital of Uzbekistan — at 713 Brighton Beach Avenue and bought a 36,000-square-foot retail property at 1769 86th Street in Bensonhurst for a new outpost last year. He also plans to open a location in the West Village at 378 Sixth Avenue in February. 

Representatives for Tashkent and the Chetrit Group did not immediately respond to requests for comment.

Lee & Associates NYC’s Mark Kapnick brokered the sale for Tursunov. Kapnick declined to comment.

Celia Young can be reached at cyoung@commercialobserver.com.

The owner of a Uzbeki grocery store chain Tashkent Supermarket, Odiljon Tursunov, bought the retail building at 1100 Kings Highway in Sheepshead Bay, Brooklyn for $34 million from an entity tied to the Chetrit Group, according to property records made public Friday. Tursunov scored a $7.8 million gap mortgage and a $24 million loan toRead MoreChannel, Commercial, Sales, 1100 Kings Highway, AB & Sons, Chetrit Group, Eli Chetrit, Isaac Chetrit, Odiljon Tursunov, Tashkent Supermarket  Commercial Observer Read More 

Robert Khodadadian has long had a simple philosophy about selling real estate. The way he sees it, there are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller at the right time.

Robert Khodadadian, properties, ground leases, ground lease, off market, investment sales, khodadadian, Commercial Real Estate Sales, Commercial Observer, Retail For Lease, Commercial Observer,

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