Platinum Realty Associates, a local, privately owned, entrepreneurial real estate development firm, purchased a 5,894-square-foot retail building in Rego Park, New York, from Alderton Associates. The former Shalimar Diner, which was featured in the Wolf of Wall Street, sold for $6.55 million, or about $1,100 per square foot.
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CEO, Platinum Realty Associates
Managing Principal, Co-Founder, Development Site Advisors