{"id":1004481883,"date":"2020-06-25T08:56:03","date_gmt":"2020-06-25T16:56:03","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004481883"},"modified":"2020-10-01T09:02:18","modified_gmt":"2020-10-01T17:02:18","slug":"top-5-retail-building-sales-may-2020","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-5-retail-building-sales-may-2020\/","title":{"rendered":"Top 5 Retail Building Sales\u2014May 2020"},"content":{"rendered":"<div id=\"attachment_1004481886\" style=\"width: 810px\" class=\"wp-caption alignnone\"><a style=\"font-weight: bold; background-color: transparent; font-family: 'Noto Sans', sans-serif; text-align: inherit;\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/720_PS_retail.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004481886\" data-attachment-id=\"1004481886\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-5-retail-building-sales-may-2020\/720_ps_retail\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/720_PS_retail.png\" data-orig-size=\"800,270\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"720_PS_retail\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Source: PropertyShark, a Yardi Systems Inc. company&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/720_PS_retail.png?w=800\" class=\"wp-image-1004481886 size-full\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/720_PS_retail.png\" alt=\"\" width=\"800\" height=\"270\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/720_PS_retail.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/720_PS_retail.png?resize=300,101 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/720_PS_retail.png?resize=768,259 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><p id=\"caption-attachment-1004481886\" class=\"wp-caption-text\">Source: PropertyShark, a Yardi Systems Inc. company<\/p><\/div>\n<ol>\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=658795\">205-209 Bleecker St #COM, Manhattan<\/a><br \/>\nSale Price: $10,000,000<\/li>\n<\/ol>\n<div id=\"attachment_1004481892\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/205-209-Bleecker-St-COM-Manhattan.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004481892\" data-attachment-id=\"1004481892\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-5-retail-building-sales-may-2020\/205-209-bleecker-st-com-manhattan\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/205-209-Bleecker-St-COM-Manhattan.jpg\" data-orig-size=\"400,310\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"205-209 Bleecker St #COM, Manhattan\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;205-209 Bleecker St #COM, Manhattan&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/205-209-Bleecker-St-COM-Manhattan.jpg?w=400\" class=\"size-medium wp-image-1004481892\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/205-209-Bleecker-St-COM-Manhattan.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/205-209-Bleecker-St-COM-Manhattan.jpg 400w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/205-209-Bleecker-St-COM-Manhattan.jpg?resize=300,233 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004481892\" class=\"wp-caption-text\">205-209 Bleecker St #COM, Manhattan<\/p><\/div>\n<p>Infinity Real Estate sold the 6,097-square-foot retail condominium in Greenwich Village for $1,640 per square foot to a private investor. The space is located on the ground floor of a 1928-built property, which provides access to the West Fourth Subway Station and Washington Square Park. Infinity Real Estate, in a joint venture with Seven Equity Group, purchased the retail condo in 2015 for $9.8 million from Forest Hill Property Group. The partnership spent more than $1.5 million on infrastructure and facade renovations.<\/p>\n<ol start=\"2\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=258816\">1258 McDonald Ave., Brooklyn<\/a><br \/>\nSale Price: $7,000,000<\/li>\n<\/ol>\n<p>An entity connected to Air Realty LLC sold the 4,800-square-foot property to NMC Equity LLC in mid-May. Developed in 1931, the building is situated on a 4.6-acre site in Borough Park and is near McDonald Avenue and Bay Parkway at NW Corner station. International Carpets has leased space at the property since 2013.<\/p>\n<ol start=\"3\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=51205\">46-52 E. 170th St, Bronx<\/a><br \/>\nSale Price: $4,500,000<\/li>\n<\/ol>\n<p>The 5,421-square-foot property located in Mount Eden changed hands in early May. Dime Community Bank provided $3.5 million in acquisition financing, which carries a 6.67 interest rate and is scheduled to mature in April 2030. The property previously traded in 1976. Completed in 1930, the building features 27-foot heights and is located on a 1-acre lot, in the proximity of Jerome Avenue and 170th Street at SE Corner station.<\/p>\n<ol start=\"4\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=185337\">229 Kent Ave., Brooklyn<\/a><br \/>\nSale Price: $3,000,000<\/li>\n<\/ol>\n<p>The 2,900-square-foot property spans three stories and features one vacant retail unit and two two-bedroom apartments. The acquisition closed in mid-May and was subject to a $2 million permanent, long-term loan, which carries a 5.75 percent interest rate and a maturity date set for May 2050. Completed in 1910, the building underwent improvements in 2010 and is close to the station at Bedford Avenue and N 7th Street at SE Corner.<\/p>\n<ol start=\"5\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=387341\">41-12 Broadway, Queens<\/a><br \/>\nSale Price: $2,500,000<\/li>\n<\/ol>\n<p>The 2,400-square-foot property changed hands in a portfolio sale with <a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=387342\">41-14 Broadway<\/a>, an 1,800-square-foot building located right next door, in South Astoria. Constructed in 1925 and 1905, respectively, the assets traded in early May. Tenants at 41-12 Broadway include D\u2019Bianco Beauty Salon and Pan Grocery &amp; News Corp., while 41-14 Broadway is leased to entities including Thriftology LLC and DBA Colleen\u2019s Vintage Emporium.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PropertyShark compiled the top 5 sales in retail recorded in May 2020 in New York City.<\/p>\n","protected":false},"author":1312,"featured_media":1004481892,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1600,10,37790],"tags":[],"class_list":["post-1004481883","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-york","category-northeast","category-rc-retail-nyc-spotlight"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Top 5 Retail Building Sales\u2014May 2020 - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/top-5-retail-building-sales-may-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top 5 Retail Building Sales\u2014May 2020\" \/>\n<meta property=\"og:description\" content=\"PropertyShark compiled the top 5 sales in retail recorded in May 2020 in New York City.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/top-5-retail-building-sales-may-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-25T16:56:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-01T17:02:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/205-209-Bleecker-St-COM-Manhattan.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"310\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"the Editorial Staff of CPE\/MHN\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-retail-building-sales-may-2020\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-retail-building-sales-may-2020\\\/\"},\"author\":{\"name\":\"the Editorial Staff of CPE\\\/MHN\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c3141425d7080d1ea3fd5b8beb15aecb\"},\"headline\":\"Top 5 Retail Building Sales\u2014May 2020\",\"datePublished\":\"2020-06-25T16:56:03+00:00\",\"dateModified\":\"2020-10-01T17:02:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-retail-building-sales-may-2020\\\/\"},\"wordCount\":382,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-retail-building-sales-may-2020\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2020\\\/10\\\/205-209-Bleecker-St-COM-Manhattan.jpg\",\"articleSection\":[\"New York\",\"Northeast\",\"Retail (NYC Spotlight)\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-retail-building-sales-may-2020\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-retail-building-sales-may-2020\\\/\",\"name\":\"Top 5 Retail Building Sales\u2014May 2020 - 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