Top 5 NYC Retail Building Sales—December 2025
PropertyShark collected New York City’s top deals for the retail sector.
Sale Price: $32.6 million
Krown Point Capital has purchased the 10,000-square-foot retail building from Junction Management. The two-story retail building is in Central Midtown, includes 2,500 square feet of office space and dates back to 1961.
The transaction also includes an adjacent development site at 1059 Second Ave., where the new owner will develop a luxury residential project, in joint venture with ESJ Group. The buyer secured a $31.5 million gap mortgage and a $38 million loan from Maxim Capital Group, in a deal brokered by JLL Capital Markets, which also includes two air rights packages from two adjacent buildings.
Sale Price: $14 million
Charles Scaturro & Sons Inc. has sold the 11,933-square-foot retail building to a private entity. The buyer landed a $9.8 million acquisition loan originated by Bank of Hope.
The single-story property is in the borough’s Corona neighborhood. It dates back to 1960, was last upgraded in 2010 and has up to 44,537 square feet in total buildable area.
Sale Price: $13.1 million
Malachite Group has acquired the 15,000-square-foot building in Rego Park, N.Y., from a private seller. The all-cash transaction is part of Malachite Group’s larger portfolio acquisition totaling $66 million and including nine commercial buildings in the area, according to Commercial Observer.
The building dates back to 1946 and has up to 36,000 square feet in total buildable area.
Sale Price: $12 million
United Properties Corp. has sold the 28,000-square-foot retail property in Flushing, N.Y., to a private entity. The buyer secured a $6.6 million financing package through two notes from Aldrich Management Co.
The one-story building dates back to 1939 and is within the Kew Harden Hills neighborhood of the borough.
Sale Price: $12 million
Mattone Investors and another private entity have sold the 3,300-square-foot retail property in Brooklyn to Phipps Houses, a nonprofit housing developer. The single-story building dates back to 1987 and is occupied by a Wendy’s.
The property is within the recently approved Atlantic Avenue Mixed-Use Plan, where the New York City Council expects to transform 21 blocks across Crown Heights and Bedford-Stuyvesant into affordable housing and mixed-use space.
The property is close to Phipps Houses’ Atlantic Chestnut Apartments development, a three-phase project in the area. The first phase, a 403-unit affordable housing community, came online in 2023, while the second phase reached completion in early 2025.
—Posted on January 28, 2026
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