{"id":1004712417,"date":"2024-04-30T09:11:39","date_gmt":"2024-04-30T17:11:39","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004712417"},"modified":"2024-05-02T06:37:12","modified_gmt":"2024-05-02T14:37:12","slug":"top-5-nyc-retail-building-sales-march-2024","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-retail-building-sales-march-2024\/","title":{"rendered":"Top 5 NYC Retail Building Sales\u2014March 2024"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"266\" data-attachment-id=\"1004712418\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-retail-building-sales-march-2024\/0524_cpe_ps_retail\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/0524_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=\"0524_CPE_PS_retail\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/0524_CPE_PS_retail.jpg?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/0524_CPE_PS_retail.jpg?w=800\" alt=\"NYC Retail Sales\" class=\"wp-image-1004712418\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/0524_CPE_PS_retail.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/0524_CPE_PS_retail.jpg?resize=300,100 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/0524_CPE_PS_retail.jpg?resize=768,255 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><figcaption class=\"wp-element-caption\">Source: PropertyShark, a Yardi Systems Inc. company<\/figcaption><\/figure>\n\n\n<ul>\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=969671\">34-20 Linden Place<\/a>, Queens<\/li>\n<\/ul>\n<p>Sale Price: $23,113,670<\/p>\n<p>The 67,197-square-foot retail property changed hands in a bankruptcy auction to Weizhen Chen, a Flushing, N.Y.-based real estate investor. The property was sold by a private seller and last changed hands in 2017 for $20.5 million, when the current seller picked it up from Global Universal Group, through another bankruptcy auction. The two-story retail property is now subject to a $16 million acquisition loan held n New Era Life Insurance Co.<\/p>\n<ul>\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=13624\">258 Third Ave<\/a>., Manhattan<\/li>\n<\/ul>\n<p>Sale Price:\u00a0 $21,236,250<\/p>\n<p>Legion Investment Group purchased the 3,402-square-foot retail property in Manhattan\u2019s Gramercy Park from a private seller. The two-story, 1910-built property is subject to a $33.5 million portfolio loan originated by JPMorgan Chase Bank. Legion Investment Group\u2019s transaction is part of a deal totaling $72 million where the buyer picked up a four-parcel assemblage for the development of a luxury condominium project, according to <em>The Real Deal<\/em>.<\/p>\n<ul>\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=6163\">175 Spring St<\/a>., Manhattan<\/li>\n<\/ul>\n<p>Sale Price: $21,000,000<\/p>\n<p>The 13,816-square-foot was sold by Extell Development and several other partners to a private buyer. The four-story property includes an additional 21,980 square feet of development rights and can be converted into a townhouse or a private condo, according to <em>New York Post<\/em>.<\/p>\n<ul>\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=38863\">1221 St. Nicholas Ave<\/a>., Manhattan<\/li>\n<\/ul>\n<p>Sale Price: $18,200,000<\/p>\n<p>An entity affiliated to Key Food Stores Co-Operative Inc. purchased the 17,100-square-foot retail asset in Manhattan\u2019s Washington Heights neighborhood from a private seller. The property is subject to a $7.4 million acquisition loan and a second one totaling $582,081, both self-financed.<\/p>\n<ul>\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=13625#section_general\">256 Third Ave<\/a>., Manhattan<\/li>\n<\/ul>\n<p>Sale Price: $17,078,750<\/p>\n<p>The 4,729-square-foot, one-story retail property was purchased by Legion Investment Group as part of its multiple acquisitions in Gramercy Park. The property changed hands from the same private seller and is subject to the same $33.5 million portfolio loan held by JP Morgan Chase Bank.<\/p>","protected":false},"excerpt":{"rendered":"<p>Property Shark\u2019s latest roundup of the city\u2019s top deals.<\/p>\n","protected":false},"author":1269,"featured_media":1004712634,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1600,21742,10,21749,37790],"tags":[],"class_list":["post-1004712417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-york","category-latest","category-northeast","category-retail","category-rc-retail-nyc-spotlight"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Top 5 NYC Retail Building Sales\u2014March 2024 - 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