{"id":1004518471,"date":"2021-03-25T09:34:13","date_gmt":"2021-03-25T17:34:13","guid":{"rendered":"http:\/\/internal.cpexecutive.com\/?p=1004518471"},"modified":"2021-05-15T10:19:33","modified_gmt":"2021-05-15T18:19:33","slug":"top-5-retail-building-sales-february-2021","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-5-retail-building-sales-february-2021\/","title":{"rendered":"Top 5 Retail Building Sales\u2014February 2021"},"content":{"rendered":"
\"\"<\/a>

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

    \n
  1. 826 Madison Ave., Manhattan<\/a>
    \nSale Price: $12,500,000<\/li>\n<\/ol>\n

    Sprayregen Real Estate Advisors sold the 9,150-square-foot building in Lenox Hill to Benchmark Real Estate Group. The seller also provided the buyer with $6 million in acquisition financing. Completed in 1985, the mixed-use, five-story property features 3,872 square feet of retail, 3,520 square feet of office and 1,760 square feet of residential space. Nearby transportation options include the 6th subway line at the NW corner of Lexington Avenue and 68th Street, as well as the M3 bus station at the intersection of Madison Avenue and East 69th Street.<\/p>\n

      \n
    1. 207-02 Northern Blvd., Queens<\/a>
      \nSale Price: $9,650,000<\/li>\n<\/ol>\n

      An entity affiliated with Parma Tile Mosaic & Marble Co. sold the 14,250-square-foot low-rise property to car dealership Star Auto Sales of Bayside Inc. The one-story retail building was constructed in 1929 on a half-acre lot in Bayside. Featuring one commercial unit, the property is close to transportation options including station line no. 7 at the SE corner of Main Street and Roosevelt Avenue, as well as the Q13 bus line accessible at the Northern Boulevard and Clearview Expressway intersection.<\/p>\n

        \n
      1. 762 Eighth Ave., Manhattan<\/a>
        \nSale Price: $8,710,000<\/li>\n<\/ol>\n
        \"\"<\/a>

        760-766 Eighth Ave., Manhattan<\/p><\/div>\n

        Developed in 1928, the 22,073-square-foot Midtown retail building is part of New York City-based BLDG Management\u2019s portfolio. The three-story property has served as the home of iconic nightclub Copacabana since 2011. The two-floor space occupied by Copacabana was the club\u2019s fourth location since its opening in 1940. However, after an 80-year run, the nightclub shuttered in May 2020 due to the pandemic, with plans to eventually reopen in a different location in 2021.<\/p>\n

          \n
        1. 2431 Grand Concourse, Bronx<\/a>
          \nSale Price: $6,750,000<\/li>\n<\/ol>\n

          The 9,000-square-foot, completed in 1925, changed hands in early February. The new owner assumed a $3 million loan originated in 2018 by Country Bank, with a maturity date set for 2028. The mortgage is now held by OceanFirst Bank, which acquired Country Bank in early 2020. The loan carries a 5.05 percent interest rate. The two-story asset, located in Fordham, previously traded for $3 million in late 2013.<\/p>\n

            \n
          1. 138-33 Jamaica Ave., Queens<\/a>
            \nSale Price: $6,500,000<\/li>\n<\/ol>\n

            The Briad Group, A New Jersey-based restaurant and hospitality group, sold the 2,678-square-foot Wendy\u2019s location to Mattone Investors, a Queens-based, family-owned and operated company. The 1985-built property is situated on a 0.3-acre site and is subject to a 20-year absolute triple net lease, which features eight, five-year renewal options and a 10 percent rental rate increase every five years throughout the base term. The building is located 0.2 miles from the E subway station and 0.5 miles from the Long Island Railroad.<\/p>\n","protected":false},"excerpt":{"rendered":"

            PropertyShark compiled the top retail building sales recorded last month in New York City.<\/p>\n","protected":false},"author":1269,"featured_media":1004528765,"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-1004518471","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\u2014February 2021 - 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-february-2021\/\" \/>\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\u2014February 2021\" \/>\n<meta property=\"og:description\" content=\"PropertyShark compiled the top retail building sales recorded last month in New York City.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/top-5-retail-building-sales-february-2021\/\" \/>\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=\"2021-03-25T17:34:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T18:19:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/421_PS_retail.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"270\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"the Editors of Commercial Property Executive\" \/>\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-february-2021\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-retail-building-sales-february-2021\\\/\"},\"author\":{\"name\":\"the Editors of Commercial Property Executive\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1b82b91678533ae5d40e3240086a42bb\"},\"headline\":\"Top 5 Retail Building Sales\u2014February 2021\",\"datePublished\":\"2021-03-25T17:34:13+00:00\",\"dateModified\":\"2021-05-15T18:19:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-retail-building-sales-february-2021\\\/\"},\"wordCount\":428,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-retail-building-sales-february-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/05\\\/421_PS_retail.png\",\"articleSection\":[\"New York\",\"Northeast\",\"Retail (NYC Spotlight)\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-retail-building-sales-february-2021\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-retail-building-sales-february-2021\\\/\",\"name\":\"Top 5 Retail Building Sales\u2014February 2021 - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-retail-building-sales-february-2021\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-retail-building-sales-february-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/05\\\/421_PS_retail.png\",\"datePublished\":\"2021-03-25T17:34:13+00:00\",\"dateModified\":\"2021-05-15T18:19:33+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1b82b91678533ae5d40e3240086a42bb\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-retail-building-sales-february-2021\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-retail-building-sales-february-2021\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-retail-building-sales-february-2021\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/05\\\/421_PS_retail.png\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/05\\\/421_PS_retail.png\",\"width\":800,\"height\":270},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-retail-building-sales-february-2021\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Top 5 Retail Building Sales\u2014February 2021\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1b82b91678533ae5d40e3240086a42bb\",\"name\":\"the Editors of Commercial Property Executive\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/fc4d938ac2881d5bcae0ddd8397983de4563e191bf8314571185ff32f8f83ea6?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/fc4d938ac2881d5bcae0ddd8397983de4563e191bf8314571185ff32f8f83ea6?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/fc4d938ac2881d5bcae0ddd8397983de4563e191bf8314571185ff32f8f83ea6?s=96&d=mm&r=g\",\"caption\":\"the Editors of Commercial Property Executive\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/theeditorsofcommercialpropertyexecutive\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Top 5 Retail Building Sales\u2014February 2021 - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/top-5-retail-building-sales-february-2021\/","og_locale":"en_US","og_type":"article","og_title":"Top 5 Retail Building Sales\u2014February 2021","og_description":"PropertyShark compiled the top retail building sales recorded last month in New York City.","og_url":"https:\/\/www.commercialsearch.com\/news\/top-5-retail-building-sales-february-2021\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2021-03-25T17:34:13+00:00","article_modified_time":"2021-05-15T18:19:33+00:00","og_image":[{"width":800,"height":270,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/421_PS_retail.png","type":"image\/png"}],"author":"the Editors of Commercial Property Executive","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/top-5-retail-building-sales-february-2021\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/top-5-retail-building-sales-february-2021\/"},"author":{"name":"the Editors of Commercial Property Executive","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1b82b91678533ae5d40e3240086a42bb"},"headline":"Top 5 Retail Building Sales\u2014February 2021","datePublished":"2021-03-25T17:34:13+00:00","dateModified":"2021-05-15T18:19:33+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/top-5-retail-building-sales-february-2021\/"},"wordCount":428,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/top-5-retail-building-sales-february-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/421_PS_retail.png","articleSection":["New York","Northeast","Retail (NYC Spotlight)"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/top-5-retail-building-sales-february-2021\/","url":"https:\/\/www.commercialsearch.com\/news\/top-5-retail-building-sales-february-2021\/","name":"Top 5 Retail Building Sales\u2014February 2021 - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/top-5-retail-building-sales-february-2021\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/top-5-retail-building-sales-february-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/421_PS_retail.png","datePublished":"2021-03-25T17:34:13+00:00","dateModified":"2021-05-15T18:19:33+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1b82b91678533ae5d40e3240086a42bb"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/top-5-retail-building-sales-february-2021\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/top-5-retail-building-sales-february-2021\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/top-5-retail-building-sales-february-2021\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/421_PS_retail.png","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/421_PS_retail.png","width":800,"height":270},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/top-5-retail-building-sales-february-2021\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Top 5 Retail Building Sales\u2014February 2021"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1b82b91678533ae5d40e3240086a42bb","name":"the Editors of Commercial Property Executive","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/fc4d938ac2881d5bcae0ddd8397983de4563e191bf8314571185ff32f8f83ea6?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/fc4d938ac2881d5bcae0ddd8397983de4563e191bf8314571185ff32f8f83ea6?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/fc4d938ac2881d5bcae0ddd8397983de4563e191bf8314571185ff32f8f83ea6?s=96&d=mm&r=g","caption":"the Editors of Commercial Property Executive"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/theeditorsofcommercialpropertyexecutive\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/421_PS_retail.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004518471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1269"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004518471"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004518471\/revisions"}],"predecessor-version":[{"id":1004534420,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004518471\/revisions\/1004534420"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004528765"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004518471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004518471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004518471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}