Top 5 NYC Retail Building Sales in 2025
PropertyShark collected 2025's top five transactions for New York City’s retail sector.
Sale Price: $355 million
UNIQLO USA has purchased a 17,295 square feet retail portion of its flagship store at 660 Fifth Ave. from Vornado Realty Trust’s retail joint venture. The transaction was first unveiled in 2024, with Vornado Realty Trust continuing to own its 3,832 square feet of remaining retail space at the building, while Eastdil Secured advised the seller.
The mixed-use building is in Central Midtown and comprises 1.3 million square feet. The retail portion totals 94,511 square feet while the office component includes 1.2 million square feet. Rising 40 stories, the property dates back to 1958.
Sale Price: $213 million
The second-largest retail transaction in the city was Wharton Properties’ sale of the 44,243-square-foot SoHo asset, closed in September 2025. Ingka Group, the parent company of IKEA, purchased the property, at the time fully used as a Nike flagship store.
Wharton Properties sold the building as part of its joint venture with A&H Acquisitions, Aurora Capital Associates and Thor Equities. Back in 2012, the joint venture paid $146.9 million for the building. Meanwhile, after the change in ownership, Nike closed its doors at the location in early January this year, following a nearly ten-year tenure.
The buyer plans to turn the property into a mixed-use development, where there will be an IKEA store across two floors and four floors of office space. The six-story retail building dates back to 1940 and was last upgraded in 2015.
Sale Price: $85 million
Amazon has acquired the 24,786-square-foot retail portion of the 23-story office building at 522 Fifth Ave. from RFR Realty. The seller also owns the office space of the 446,786-square-foot building. RFR Realty picked up the retail space for $85 million in May 2025, from Deka Immobilien. On the same day, RFR sold it to Amazon.
Meanwhile, Amazon, through a separate agreement, also purchased the remaining office space at the building for $456 million, at the time vacant.
The property is in Central Midtown and was initially built as the Sherry Hotel back in 1898, later converted to office use in 1919.
Sale Price: $72 million
Ashkenazy Acquisition Corp. purchased the 1 million-square-foot complex known as the Atlas Park Shops in Queens. The buyer secured a $43 million acquisition loan from ACORE Capital.
Macerich Co. sold the property at a 34 percent higher price when compared to its previous 2011 sale, when it paid $53.8 million for it.
The 1922-built commercial complex is in Ridgewood, N.Y., within the Glendale neighborhood. Atlas Park Shops includes ten four-story buildings with 490,600 square feet of retail space and 513,600 square feet allocated for parking structures.
Sale Price: $54.5 million
Namdar Realty Group acquired the retail units within a 21-story residential building in the borough’s DUMBO neighborhood from CIM Group. The buyer financed the acquisition through a $33.1 million consolidated note and a $5.8 million gap mortgage loan, both issued by Blue Owl Capital.
The retail components include 136,318 square feet of space. These are situated within the condominium tower dubbed Front & York, developed by a joint venture between CIM Group and LIVWRK in 2021.
—Posted on January, 2026
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