It’s buy, buy, buy (buildings) on Bensonhurst’s 18th Avenue
Eye On Real Estate
Retail sites are in big demand on Bensonhurst’s 18th Avenue – if they’re for sale. For rent, not so much.
Chinese investors are in hot pursuit of property purchases on the traditionally Italian retail corridor – which is also known as Cristoforo Colombo Boulevard. It is increasingly populated by Asian businesses, banks and senior centers plus chains like Starbucks, yoghurt purveyor Red Mango and cut-rate clothier Mandee.
The most recent big transaction is the $1.98 million sale of 6923 18th Ave. to Cheng Shi, who plans to renovate two ground-floor retail spaces and second- and third-floor medical and dental offices.