Top 5 NYC Retail Building Sales—September 2025
The metro’s top deals for the sector rounded up by PropertyShark.
Sale Price: $17.5 million
Arel Capital has sold the 26,624-square-foot retail building to Yale Properties USA, that also assumed a $12.5 million loan from Trimont.
The transaction is the buyer’s first investment in the New York metro area, according to Crain’s New York Business. The new owner doesn’t intend to replace the tenants at the property while also looking forward to acquiring more properties in the future, according to the same source.
The one-story building is in the Bushwick area of Brooklyn and came online in 2017. Notable tenants at the property include a Thai restaurant Tong and rock-climbing gym MetroRock.
Sale Price: $14.5 million
United American Land has picked up three retail buildings at 48 Willoughby St., 385 and 387 Jay St. from the same seller, a lawyer’s practice that occupies space within one of the buildings. The same seller originated a $10 million acquisition loan on behalf of the new owner, with a maturity date set for 2027.
The 9,800-square-foot trio dates back to 1920 and is located in the borough’s downtown area. Rising three stories each, these buildings also include 4,400 square feet of office space combined.
Sale Price: $9.8 million
An entity affiliated with Comjem Associates has acquired the 31,775-square-foot mixed-use property in Astoria, N.Y., from a private entity. The new ownership also secured a $6.8 million loan with the seller as lender.
The three-story property dates back to 1930 and includes 15,775 square feet of office space. Notable tenants at the building include TD Bank, Steinway Wellness and Recovery Center and Creedmoor Psychiatric Center.
Sale Price: $8.8 million
Event planning company Eventique purchased the 14,649-square-foot retail component of a 476-unit condominium property from The Moinian Group. Live Oak Bank originated a $9 million 12-month loan on behalf of the buyer.
The retail space is at the ground-floor level of the 46-story high-rise. The Class A building came online in 2005 and is situated in the borough’s Hell’s Kitchen neighborhood.
Sale Price: $8 million
Tareb Management has bought the 10,000-square-foot retail property in Williamsbridge from a private seller. The new ownership secured a $4 million loan agreement originated by the previous owner.
The single-story building dates back to 1929. The tenant roster includes Empress Stationery, M Famous Gourmet Deli and Mommy’s Jamaican Market.
—Posted on October 27, 2025
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