---
title: "Schuckman Realty Buys Northeast Queens Shopping Center for $56M"
url: https://burnaze.com/article/6df78825-8099-48c4-80cd-43d12916735f
source: "Commercial Observer"
original_url: https://commercialobserver.com/2026/07/schuckman-realty-buys-153-15-cross-island-parkway-queens/
author: "Mark Hallum"
category: "Real estate"
industry: "Business Services"
segment: "Real estate"
published: 2026-07-31T16:16:53.000Z
modified: 2026-10-31T13:17:21.759Z
image: https://commercialobserver.com/wp-content/uploads/sites/3/2026/07/Kenneth-Schuckman-Whitestone-Queens-credit-Getty-Images.jpg?quality=80&resize=1200%2C630&strip=
---

# Schuckman Realty Buys Northeast Queens Shopping Center for $56M

**TL;DR:** Schuckman Realty acquired the Whitestone Shopping Center in Queens for $56 million. The Key Food-anchored property was sold by Punia & Marx Real Estate, with financing provided by Acadia Realty Trust.

*By Mark Hallum, originally published in Commercial Observer on 2026-07-31. [Read the original](https://commercialobserver.com/2026/07/schuckman-realty-buys-153-15-cross-island-parkway-queens/).*

## Story

**Punia & Marx Real Estate** sold the **Whitestone Shopping Center** in Queens for $56 million.

**BTF Capital** **Fund**, led by **Kenneth Schuckman** and **Aaron Malinsky**, purchased the **Key Food**-anchored property at **153-15 Cross Island Parkway**, according to a deed transfer in property records filed Friday. The purchase could be a play for assets tied to grocery stores and other necessity-based retail.

Schuckman’s brokerage firm, **Schuckman Realty**, will handle leasing for the shopping center, according to the buyer.

**Acadia Realty Trust** provided about $48.5 million in financing to Schuckman for the acquisition through a shell corporation, with Acadia’s Chief Financial Officer **John Gottfried** signing the mortgage documents.

Punia & Marx and Acadia did not immediately respond to requests for comment.

Punia & Marx has owned the property since at least 1975, and the amount paid for that acquisition is unknown.

Schuckman seems to have been involved in the management operations of the 220,000-square-foot shopping center, which is also leased to a **Chase Bank** branch, with a 2020 flier listing **Kenneth** **Schuckman** and **Jessica Vilmenay** as exclusive brokers.

Schuckman promoted the center based on 100,000 cars passing by the center daily on the Cross Island Parkway and 333,000 people living within three miles.

## Entities

- Real Estate (sector)
- Commercial Observer (publication)
- Mark Hallum (person)
- real estate financing (topic)
- Acadia Realty Trust (company)
- shopping center acquisition (topic)
- grocery franchises (topic)
- Schuckman Realty (company)
- Punia & Marx Real Estate (company)
- Whitestone Shopping Center (location)
- BTF Capital Fund (investor)
- Kenneth Schuckman (person)

---
Originally reported by Mark Hallum, Commercial Observer (https://commercialobserver.com/2026/07/schuckman-realty-buys-153-15-cross-island-parkway-queens/). Summarized by Burnaze (https://burnaze.com/article/6df78825-8099-48c4-80cd-43d12916735f).