Russian Supermarket Owner Drops $18M on Bensonhurst Building for New Outpost
The owner of a Russian grocery store, Tashkent Supermarket, bought a Bensonhurst, Brooklyn, building for $18 million to house its third location, Commercial Observer has learned.
Odiljon Tursunov bought the two-story retail building at 1769 86th Street between Bay 17th Street and 18th Avenue from Tim Ziss’ Allied Properties, according to Lee & Associates NYC’s Mark Kapnick, who was the sole broker.
Kapnick said Tursunov started searching for a site for a new location for Tashkent pre-pandemic, and landed on the 86th Street spot because of its location on a busy corner.
The building wasn’t for sale, and the process was delayed while the owner worked to deliver the 36,000-square-foot property mostly vacant, but it finally closed last week. Santander Bank will keep an outpost in the spot.
“There will be extensive renovations to the exterior and interior of the building,” Kapnick said in a statement. “The ground and lower will be the supermarket and the second floor will be a community use with services such as legal offices with a focus on immigration, medical, dental, travel and education with these services geared toward the Russian community living in this area of Brooklyn.”
There’s no timeline for when Tashkent will open its Bay Ridge outpost yet, Kapnick added.
Tashkent currently has a location in Brighton Beach at 713 Brighton Beach Avenue, and Tursunov plans to open Greenwich Gourmet Market at 378 Avenue of the Americas.
Update: This story has been updated to reflect Santander is still a tenant in the building.