Top 5 NYC Retail Building Sales—April 2026
These are the largest retail transactions in New York City, collected monthly by PropertyShark.
Sale Price: $62 million
Sovereign Partners has purchased the 40,406-square-foot retail component at the Central Midtown office tower from MetLife.
The retail space at the 40-story property is spread across Unit B, totaling 6,397 square feet, Unit C, totaling 22,262 square feet and Unit D, totaling 11,747 square feet.
Sovereign’s acquisition is part of its broader $380 million transaction involving the entire tower. MetLife and Beacon Capital Partners sold the 533,695-square-foot high-rise after 21 years of ownership.
Ladder Capital financed this acquisition through a gap mortgage, consolidated note and a collateral note totaling a combined $268 million. The notes are backed by both office and retail components.
The LEED Gold-certified building originally came online in 1983 and went through a $25 million capital improvement program completed in 2016.
Sale Price: $46 million
Empire State Realty Trust has purchased the 21,409-square-foot retail condominium at 127 Kent Ave. from an entity affiliated with Joyland Group.
The retail space is part of the residential building that came online in 2025. Joyland Group and Prospect Developers delivered the property that rises seven stories and includes 43 units.
Sale Price: $35.5 million
SYU Properties has sold the 25,000-square-foot retail building in the borough’s Bedford-Stuyvesant neighborhood to an entity affiliated with residential developer Secured Management.
The buyer secured a $28 million acquisition loan from G4 Capital Partners while also landing $25.3 million in construction funds from the same lender.
The retail property dates back to 1931 and was last upgraded in 2018. A demolition application has been filed for the property, while the previous ownership’s plans for the site included the development of an eight-story residential building with 77 units, according to Marketproof.
Sale Price: $17.8 million
Artifact Group has purchased the 12,876-square-foot historic building in Lower East Side from a private seller. The buyer secured acquisition as well as construction financing totaling $28.7 million through three notes issued by Genesis Capital.
The property dates back to 1890 and was once home to the Eisner Brothers’ T-shirt and sportswear business for nearly six decades. The site faced redevelopment plans in the form of a 12-story addition with 18 residential units, but construction did not start, according to Crain’s New York Business.
Sale Price: $15 million
Gindi Capital has acquired the retail units totaling 108,275 square feet at a downtown Brooklyn mixed-use from PIMCO. The buyer secured $50.4 million in acquisition financing from Athene Annuity & Life Co.
The retail components are on the lower floors of the five-story property, which includes 271 residential units used as student housing serving the Long Island University.
—Posted on May 28, 2026
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