{"id":1004654289,"date":"2023-05-15T23:15:48","date_gmt":"2023-05-16T07:15:48","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004654289"},"modified":"2023-05-15T23:15:50","modified_gmt":"2023-05-16T07:15:50","slug":"top-5-nyc-retail-building-sales-february-2023","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-retail-building-sales-february-2023\/","title":{"rendered":"Top 5 NYC Retail Building Sales\u2014February 2023"},"content":{"rendered":"<div id=\"attachment_1004654290\" style=\"width: 810px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/0423_CPE_PS_retail.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004654290\" data-attachment-id=\"1004654290\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-retail-building-sales-february-2023\/0423_cpe_ps_retail\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/0423_CPE_PS_retail.jpg\" data-orig-size=\"800,266\" 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=\"0423_CPE_PS_retail\" data-image-description=\"&lt;p&gt;Source: PropertyShark, a Yardi Systems Inc. company&lt;\/p&gt;\n\" 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\/2023\/03\/0423_CPE_PS_retail.jpg?w=800\" class=\"size-full wp-image-1004654290\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/0423_CPE_PS_retail.jpg\" alt=\"Source: PropertyShark, a Yardi Systems Inc. company\" width=\"800\" height=\"266\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/0423_CPE_PS_retail.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/0423_CPE_PS_retail.jpg?resize=300,100 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/0423_CPE_PS_retail.jpg?resize=768,255 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><p id=\"caption-attachment-1004654290\" class=\"wp-caption-text\">Source: PropertyShark, a Yardi Systems Inc. company<\/p><\/div>\n\n\n<ol class=\"wp-block-list\" type=\"1\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=971388\">193-20 Northern Blvd., Queens<\/a><\/li>\n<\/ol>\n\n\n\n<p>Sale Price: $11,275,000<\/p>\n\n\n\n<p>A private investor acquired the four-building property totaling 13,597 square feet and the single-building <a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=38939575\">193-02 Northern Blvd.<\/a> encompassing 5,952 square feet in Auburndale. Woori America Bank facilitated the transaction with a $5.5 million acquisition loan. Four of the two-story buildings were built in 1959 and renovated in 2012, while the fifth was added in 2005.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=140643\">207 Fifth Ave., Brooklyn<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $6,450,000<\/p>\n\n\n\n<p>Urban Standard Capital sold the two-story retail building totaling 5,559 square feet in Park Slope to Red Rock Investments. The property last traded in mid-2021 when the current seller paid $8.5 million for the single-unit asset. Nearby transportation options include the R train just a block away at the corner of 4th Avenue and Union Street and the B63 bus line at the intersection of Fifth Avenue and Union Street.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=185128\">285 Metropolitan Ave., Brooklyn<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $6,350,000<\/p>\n\n\n\n<p>A private investor sold the two-story retail property totaling 5,650 square feet in Williamsburg. The buyer secured a nearly $5 million loan financed by Bayport Funding LLC for the purchase. The new owner has already filed for permits to expand the building. The four-story development will total 7,604 square feet of which 6,823 square feet across eight units are designated as residential, while the remaining space will be set aside for commercial use.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=245815\">2848 Church Ave., Brooklyn<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $5,920,000<\/p>\n\n\n\n<p>Meridian Capital Group arranged the sale of the former bank building totaling 8,400 square feet in Flatbush. The 1932-built property was home to variety of banks from The Lincoln Savings Bank of Brooklyn to Freedom National Bank of NY. The two-story building was later converted and leased to McDonalds. Current tenants are Burger King and an orthodontics practice.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=338636\">1781 Ocean Ave., Brooklyn<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $3,450,000<\/p>\n\n\n\n<p>A private investor purchased the three-story retail building encompassing 6,720 square feet in Midwood. The buyer secured a $1.6 million acquisition loan provided by Cross River Bank. Built in 1931, the mixed-use property includes two residential units as well as five commercial units across 2,160 square feet of office space and 2,400 square feet of retail space.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PropertyShark collected the top deals of the month for the sector.<\/p>\n","protected":false},"author":1314,"featured_media":0,"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-1004654289","post","type-post","status-publish","format-standard","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 NYC Retail Building Sales\u2014February 2023 - 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