Top NYC Retail Building Sales – February 2024
Source: PropertyShark, a Yardi Systems Inc. company
Sale Price: $11,400,000
Lane Capital Partners sold the 23,400-square-foot, three-story retail property in Brooklyn’s neighborhood of Greenwood Heights to a private investor. Built in 1930 and most recently renovated in 2014, the retail building last changed hands in 2020 for $7.9 million.
Sale Price: $10,000,000
A private seller sold the 20,150-square-foot asset to three entities sharing ownership interests, all leading to private investors. S3 Capital provided acquisition financing in the amount of $7 million. The Williamsburg four-story property was originally completed in 1920 and most recently upgraded in 2007.
Sale Price: $6,500,000
A private seller sold the 13,500-square-foot, two-story retail building within the Bushwick neighborhood to Churches United for Fair Housing, a non-profit organization that provides affordable housing services and social resources. Nonprofit Finance Fund provided a total of $6.8 million in financing via two separate loan agreements.
Sale Price: $6,000,000
The 13,180-square-foot, two-story retail building traded between two private investors. Webster Bank National Association provided a total of $3.9 million in financing via an acquisition loan and a consolidation loan agreement. The property is built in 1935 and is situated within Queens’ neighborhood of Murray Hill.
Sale Price: $5,250,000
Prosper Property Group acquired the 2,514-square-foot TriBeCa retail asset from a private seller. The two-story building was originally completed in 1954 and notable tenants include Lauderdale County Bank Inc. and Belle Reve, among others.
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