NEWS

Raymour & Flanigan Properties, LLC Purchases Former Modell’s in Ozone Park, NY.

Welco Realty, Inc., New Rochelle, New York is pleased to announce that Jerry Welkis, President of Welco Realty, Inc. represented The Polizzotto Family Limited Partnership on the Sale of the former Modell’s property located on the corner of Woodhaven Boulevard and Rockaway Boulevard (94-11 Rockaway Boulevard).  Prior to Modell’s occupying the property, it was occupied by United Artist Theaters.  The property was sold to Raymour & Flanigan Properties, LLC and was represented by Gabriel Saff of Retail Zone, LLC.  The property consists of approximately 16,000 s.f. grade level and 2,000 s.f. mezzanine and a 1,761 s.f. Papa John’s next door.

This is one of the most highly visible locations in Queens and is conveniently located near public transportation with high traffic count on both Woodhaven Boulevard and Rockaway Boulevard and is located diagonally across the street from P.C. Richard & Son, Marshall’s, and Mad Rag.

Jerry Welkis, President of Welco Realty, Inc., also represented the Polizzotto Family Limited Partnership on initially leasing the property to Modell’s.  Modell’s was there from 2006 up until the time they filed for bankruptcy.  Welco represented both Modell’s and the Polizzotto Family on that transaction.

Mitchell Modell always asked Jerry Welkis to find them another Ozone Park type location.  It was one of their better stores in the chain.