Top NYC Retail Building Sales – February 2024

A roundup of recent major transactions put together by PropertyShark.

Sale Price: $11,400,000

Lane Capital Partners sold the 23,400-square-foot, three-story retail property in Brooklyn’s neighborhood of Greenwood Heights to a private investor. Completed in 1930 and most recently renovated in 2014, the building previously changed hands in 2020 for $7.9 million.

Sale Price: $10,000,000

A private individual sold the 20,150-square-foot asset to three entities sharing ownership interests, all leading to private investors. S3 Capital provided acquisition financing in the amount of $7 million. The four-story Williamsburg property came online in 1920 and was most recently upgraded in 2007.

Sale Price: $6,500,000

Churches United for Fair Housing, a non-profit organization that provides affordable housing services and social resources, acquired the 13,500-square-foot, two-story retail building within the Bushwick neighborhood from a private seller. Nonprofit Finance Fund provided a total of $6.8 million in financing via two separate loan agreements.

Sale Price: $6,000,000

The 13,180-square-foot, two-story retail building traded between two private investors. Webster Bank National Association provided $3.9 million in financing via an acquisition loan and a consolidation loan agreement. The 1935-built property is within Queens’ neighborhood of Murray Hill.

Sale Price: $5,250,000

Prosper Property Group acquired the 2,514-square-foot TriBeCa retail asset from a private seller. Completed in 1954, the two-story building has some notable tenants such as Lauderdale County Bank Inc. and Belle Reve, among others.

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