Waldbaums Shopping Center Sold For $10 Million

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Courtesy of Google Maps

The square-block sized shopping center housing Waldbaums and other retailers on Ocean Avenue between Voorhies Avenue and Shore Parkway has been sold for an even $10 million to Norse Realty, LLC.

The 47,320 square feet of building at 3078 Ocean Avenue (3090 Ocean Avenue) sold for $211 per square foot. It sits on an irregular lot – including parking – that measures about 107,000 square feet. The deal closed on May 6.

The property was previously owned by Capital One Bank, which is also a tenant. In addition to Waldbaums and the bank, the property is home to a Duane Reade.

No word yet on whether the new owner plans to develop. Norse Realty owns a number of local shopping centers, including the strip mall adjacent to Trump Shopping Center on Neptune Avenue, which is home to a Walgreens.

  • Ray Johnson

    Wonder if the Waldbaum's will stay. Will we get a used / new bookstore and a privately owned thrift shop, like they have in Williamsburg? What about a recycling center or Sheepshead Bay visitors center? An artisan bakery? Delicious regional Indian food? Let's hope the developers and their peeps are listening.

  • Based on the recent trend, how about we get some more office spaces, you know… the ones where no one rents them and they just sit there forever. Maybe a new sushi place or fifteen?

    Seriously though, wouldn't mind seeing something like a real shopping center, forget King's Plaza. Maybe we can also get something there for the family, like a small theater, bowling alley or roller rink.

  • Local Broker

    This is not a development site. I dont think there is going to be much change to this center in the near future.

  • Ray Johnson

    Wonder if the Waldbaum's will stay. Will we get a used / new bookstore and a privately owned thrift shop, like they have in Williamsburg? What about a recycling center or Sheepshead Bay visitors center? An artisan bakery? Delicious regional Indian food? Let's hope the developers and their peeps are listening.

  • Based on the recent trend, how about we get some more office spaces, you know… the ones where no one rents them and they just sit there forever. Maybe a new sushi place or fifteen?

    Seriously though, wouldn't mind seeing something like a real shopping center, forget King's Plaza. Maybe we can also get something there for the family, like a small theater, bowling alley or roller rink.

  • Local Broker

    This is not a development site. I dont think there is going to be much change to this center in the near future.

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  • ToniBK4eva

    I lived across the street and i remember when it was Shop-Rite an Kings Pharmacy and And Buy-Rite liquors..

    • Anonymous

      I remember a restaurant there. Can’t recall the name. I think the Trumps owned it.

  • Malishhka

    Trader Joe’s would have been great.