Top 5 NYC Industrial Building Sales—December 2022
PropertyShark collected the top deals of the month for the sector.
Source: PropertyShark, a Yardi Systems Inc. company
Sale Price: $9,000,000
Alrose Group Real Estate sold the corner building encompassing 8,420 square feet in South Astoria. Kartsonis Realty purchased the single-story property with the help of a $2 million loan originated by ConnectOne Bank. Completed in 1950 the building offers four commercial units and is easily accessible by the M and R subway lines at the northeast corner of Steinway Street and 34th Avenue.
Sale Price: $6,500,000
The Doe Fund purchased the single-story retail building encompassing 9,612 square feet in Brownsville. Corporation for Supportive Housing facilitated the transaction with a financing package totaling approximately $9.5 million loan for the acquisition and redevelopment of the site. The 1960-built structure sits on a 0.6-acre lot and offers 64,553 square feet of allowed usable floor area.
Sale Price: $5,400,000
Platinum Realty Associates acquired the shopping center totaling 14,250 square feet in Brownsville. The buyer secured a $3.5 million loan funded by Signature Bank for the purchase. Completed in 1999, the single-story building offers four commercial units, and the tenant list includes Big Apple Kitchen, Rockaway’s Laundromat and Brownsville Premiere Florist among others.
Sale Price: $5,300,000
A private investor sold the 1,430-square-foot structure in Bay Ridge. Built in 1970, the one-story building sits on a 0.2-acre site on the corner of Fifth Avenue and 92nd Street. The property last traded in mid-2018 when it sold for $4.5 million. The property offers a 20,884-square-foot of allowed usable floor area and a permit has been filed to demolish the existing structure.
Sale Price: $5,000,000
Roughly a year after it traded for $3.8 million, the 3,872-square-foot retail building in Chinatown is yet again under new ownership. The two-story property encompasses three commercial units. Nearby transportation options include the F subway line at the northwest corner of Rutgers Street and Broadway along with the M15 bus line at the intersection of Allen and Hester Streets.
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