{"id":1004481898,"date":"2020-07-22T09:08:12","date_gmt":"2020-07-22T17:08:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004481898"},"modified":"2020-10-01T09:16:17","modified_gmt":"2020-10-01T17:16:17","slug":"top-5-retail-building-sales-june-2020","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-5-retail-building-sales-june-2020\/","title":{"rendered":"Top 5 Retail Building Sales\u2014June 2020"},"content":{"rendered":"
\"\"<\/a>

Source: PropertyShark, a Yardi Systems Inc. company<\/p><\/div>\n

    \n
  1. 609 Fifth Ave., Manhattan<\/a>
    \nSale Price: $164,961,209<\/li>\n<\/ol>\n
    \"\"<\/a>

    650 Fifth Ave., Manhattan<\/p><\/div>\n

    SL Green sold the 29,200-square-foot retail condominium to an affiliate of Reuben Brothers, but held on to the office component of the building. Completed in 1925, the Central Midtown property encompasses a total 139,400 square feet and underwent renovations in 1989 and 2018. Following the latest revamp, sports apparel brand PUMA leased 24,000 square feet for its three-level flagship sore, while luxury apparel retailer Vince leased 5,000 square feet.<\/p>\n

      \n
    1. 1509 Hart Place, Brooklyn<\/a>
      \nSale Price: $18,294,750<\/li>\n<\/ol>\n

      An entity affiliated with furniture and mattress retailer Raymour & Flanigan purchased the 39.350-square-foot facility in Coney Island. KeyBank provided $11.9 million in acquisition financing, which carries a 6.5 percent interest rate and is scheduled to mature in June 2030. Located on a 1.1-acre site, the property was completed in 1959 and underwent alterations in 1999.<\/p>\n

        \n
      1. 1156 Third Ave., Manhattan<\/a>
        \nSale Price: $7,500,000<\/li>\n<\/ol>\n

        The 15,105-square-foot retail component situated on the ground floor of an apartment building changed hands in early June. Castellan Capital financed the acquisition with a $2.5 million loan, which bears a 6.67 percent interest rate and has a June 2030 maturity date. The property is within walking distance of New York-Presbyterian \/ Weill Cornell Medical Center, while 68th Street 6 train station is a few steps away.<\/p>\n

          \n
        1. 5101 Ave. U, Brooklyn<\/a>
          \nSale Price: $6,675,000<\/li>\n<\/ol>\n

          An entity affiliated with Thaler Realty Group sold the asset as part of a three-property retail portfolio, which also included 2461 Flatbush Ave.<\/a> and 2475 Flatbush Ave.<\/a> Flushing Bank originated $4 million in acquisition financing on behalf of the buyer\u2014the financing carries a 6.67 percent interest rate and an April 2030 maturity date. Completed in 1950 and 1969, the buildings encompass a combined 15,000 square feet.<\/p>\n

            \n
          1. 100 Willoughby St., Brooklyn<\/a>
            \nSale Price: $6,500,000<\/li>\n<\/ol>\n

            AvalonBay sold the retail component of AVA DoBro, an 870,000-square-foot apartment tower, to an entity affiliated with United American Land. The sale closed in late June, with Signature Bank providing $6.5 million in acquisition financing. The mortgage carries a 6.5 percent interest rate and is scheduled to mature in June 2030. The 58-story building is directly above a Jay Street-MetroTech Subway Station with immediate access to the A\/C, F and R trains and a few steps from the Barclays Center and Brooklyn Flea.<\/p>\n","protected":false},"excerpt":{"rendered":"

            PropertyShark compiled the top 5 sales in retail recorded in June 2020 in New York City.<\/p>\n","protected":false},"author":1312,"featured_media":1004481907,"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-1004481898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-york","category-northeast","category-rc-retail-nyc-spotlight"],"acf":[],"yoast_head":"\nTop 5 Retail Building Sales\u2014June 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-june-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\u2014June 2020\" \/>\n<meta property=\"og:description\" content=\"PropertyShark compiled the top 5 sales in retail recorded in June 2020 in New York City.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/top-5-retail-building-sales-june-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=\"2020-07-22T17:08:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-01T17:16:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/650-Fifth-Ave..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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/top-5-retail-building-sales-june-2020\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/top-5-retail-building-sales-june-2020\/\",\"name\":\"Top 5 Retail Building Sales\u2014June 2020 - 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