Top 5 NYC Retail Building Sales—August 2025
Here are the metro’s top deals for the sector, rounded up by PropertyShark.
Sale Price: $72 million
Macerich Co. sold the Atlas Park Shops, a 1 million-square-foot, 10-building retail complex to Ashkenazy Acquisition Corp. The acquisition was funded by a $43 million loan from ACORE Capital. The investment was notably higher when compared to the previous sale involving the property, in 2011, when Macerich Co. paid $53.8 million for it.
Situated in the borough’s Glendale neighborhood, Atlas Park Shops featured four-story buildings, with the retail space totaling 490,600 square feet, while 513,000 square feet are allocated for parking structures. Notable tenants include Foot Locker, New York Sports Club, Regal Cinemas and TJ Maxx.
Sale Price: $54.5 million
Namdar Realty Group has purchased the retail units within a 21-story residential tower in Brookyn’ DUMBO neighborhood from CIM Group. The new ownership also secured an approximately $40 million acquisition loan from Blue Owl Capital.
Totaling 136,318 square feet, the retail units are within a 407-unit condominium tower known as Front & York, developed by CIM Group and LIVWRK in 2021.
Sale Price: $42.5 million
CW Realty picked up the 8,000-square-foot, one-story retail duo from A&H Acquisitions Corp. The seller planned a residential makeover at the property, sold in partnership with Bridges Development Grou, in a deal arranged by Newmark, according to The Real Deal.
S3 Capital issued a $32.5 million gap mortgage and a $43.5 million loan through a consolidated and restated mortgage on behalf of the buyer.
The acquisition comes after the City Council approved a rezoning of the property, making way for a 250,000-square-foot, 13-story multifamily development with 20 percent of its units expected for affordable housing.
Sale Price: $41 million
Triangle Equities sold the 72,203-square-foot retail condominium unit in the Midwood neighborhood of Brooklyn. The new ownership is Little Rock Construction and the deal was brokered by Colliers, according to Commercial Observer.
The retail component is part of the Triangle Junction shopping mall, a 241,735-square-foot building currently leased to Target, HomeGoods, AT&T and others.
Sale Price: $28.9 million
The retail condo unit totaling 243,916 square feet within the former New York Times’ headquarters building was sold at a steep discount through a foreclosure. The former owner, Kushner Cos., defaulted in 2024 on a $285 million loan, with KeyBank taking possession of the property, now owned by a private entity.
The retail space in Times Square last changed hands for $296 million in 2015, when Kushner Cos. took over the property. Starting in 2020, major tenants, such as National Geographic, at the retail space defaulted on lease payments. Now it is only 34.5 percent occupied and the new ownership plans to reposition the Midtown property into a mix of retail, restaurant and entertainment, according to CRE Daily.
—Posted on September, 2025
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