Top 5 NYC Retail Building Sales—August 2026
PropertyShark collected New York City’s top deals for the retail sector.
Sale Price: $53 million
LMXD, the mixed-income housing arm of L+M Development Partners, has acquired a 32,736-square-foot retail property and an adjacent parking lot at 35-10 Steinway St. in Long Island City, N.Y. King Kullen Grocery Co. was the seller.
LMXD partnered with BedRock Real Estate Partners on the acquisition and secured a $250 million construction loan. New York Life Insurance Co. originated the debt, in a deal arranged by JLL.
The retail property at the South Astoria site originally came online in 1984. The new owners are planning a 560-unit mixed-income housing development on the site, according to Commercial Observer, slated for completion by 2029.
Sale Price: $23.5 million
YS Developers and Rabsky Group have acquired two shopping centers in the Bedford-Stuyvesant neighborhood of the borough from A-PLUS International Realty. JLL arranged the transaction.
The deal includes a 10,435-square-foot property at 1500 Broadway and a 4,240-square-foot second building at 1164 Broadway.
The site is zoned for a mixed-use residential building and offers up to 133,917 square feet of as-of-right zoning floor area, under the City of Yes for Housing Opportunity program.
Sale Price: $23.5 million
First Pioneer Properties and ABS Real Estate have purchased a 24,000-square-foot building in Bayside, N.Y., from an entity affiliated with Levy Properties.
The ownership secured a $10.5 million financing package spread across two loans from Ameritas Life Insurance Co.
The 1996-built single-story retail property includes 74,351 square feet of additional buildable rights.
Sale Price: $14 million
A private investor has purchased a 7,692-square-foot retail property from United American Land.
The one-story building is in TriBeCa and dates back to 1982. It was occupied by McDonald’s, which vacated it in 2018.
Savris Holding originated a $36 million financing package, including an acquisition loan, a senior note and a project mortgage.
Sale Price: $12.6 million
A single-story property totaling 18,826 square feet in Flushing, N.Y., changed hands between two private investors.
The buyer secured a $9.2 million loan from Visions Federal Credit Union.
Dating back to 1953, the building is part of the Kew Gardens Hills neighborhood and has 15,525 square feet of additional buildable space.
Sale Price: $11.8 million
Infinity Real Estate has acquired a pair of retail units totaling 10,029 square feet at 75 Kenmare St., a condominium building in Manhattan’s Nolita. The seller is a private entity.
The buyer purchased the space in partnership with KB Realty Partners, according to Commercial Observer. Located at the ground-floor level of a seven-story residential building with 38 apartments, the two retail units are fully leased, the same source shows.
—Posted on September 24, 2026
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