{"id":1004714351,"date":"2024-05-28T01:00:00","date_gmt":"2024-05-28T09:00:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004714351"},"modified":"2024-05-23T02:31:55","modified_gmt":"2024-05-23T10:31:55","slug":"top-5-nyc-retail-building-sales-april-2024","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-retail-building-sales-april-2024\/","title":{"rendered":"Top 5 NYC Retail Building Sales\u2014April 2024"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"266\" data-attachment-id=\"1004714352\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-retail-building-sales-april-2024\/0624_cpe_ps_retail\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/0624_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=\"0624_CPE_PS_retail\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/0624_CPE_PS_retail.jpg?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/0624_CPE_PS_retail.jpg?w=800\" alt=\"PropertyShark's top NYC retail sales for April 2024\" class=\"wp-image-1004714352\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/0624_CPE_PS_retail.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/0624_CPE_PS_retail.jpg?resize=300,100 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/0624_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 Company<\/figcaption><\/figure>\n\n\n<ul>\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=414995\">10415-10441 Queens Blvd., Queens<\/a><\/li>\n<\/ul>\n<p>Sale Price: $25,000,000<\/p>\n<p>A private investor purchased the 23,780-square-foot retail property in Queen\u2019s neighborhood of Forest Hills. The single-story building that changed hands from multiple private sellers, was originally completed in 1963 and last upgraded in 2010.<\/p>\n<ul>\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=157207739\">730 Fifth Ave. #Annex, Manhattan<\/a><\/li>\n<\/ul>\n<p>Sale Price: $12,605,000<\/p>\n<p>Prada acquired a retail unit of 4,406 square feet of space at 730 Fifth Ave., a 26-story mixed-use property totaling 346,858 square feet in Central Midtown. The retail asset at the 1921-constructed building changed hands from Brookfield Properties, but the deal was part of the agreement between Prada and Jeff Sutton\u2019s Wharton Properties, according to <em>The Real Deal<\/em>.<\/p>\n<ul>\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=176411\">449 Myrtle Ave., Brooklyn<\/a><\/li>\n<\/ul>\n<p>Sale Price: $9,382,000<\/p>\n<p>In another deal, Wharton Properties sold the 12,500-square-foot, one-story retail building at 499 Myrtle Ave., in Brooklyn\u2019s Clinton Hill neighborhood. The property was acquired by a private investor. Built in 1969 and most recently upgraded in 2006, the building&#8217;s roster includes Bank of America, that has been at the property since 2006 and recently extended its 6,250-square-foot lease through 2034, according to <em>New York Business Journal<\/em>.<\/p>\n<ul>\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=554573\">167-02 Hillside Ave., Queens<\/a><\/li>\n<\/ul>\n<p>Sale Price: $7,500,000<\/p>\n<p>A private investor acquired the 8,800-square-foot retail property situated in Queen\u2019s Jamaica neighborhood. The one-story building changed hands from a private individual and previously traded in 1984. The retail building has been occupied by a single tenant since 2011 and is close to multiple bus stops as well as to the 169th Street subway station.<\/p>\n<ul>\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=486570\">36-41 Bell Blvd., Queens<\/a><\/li>\n<\/ul>\n<p>Sale Price: $7,150,000<\/p>\n<p>A private entity acquired the 12,250-square-foot retail building in Queens\u2019 Bayside neighborhood. The two-story retail property was originally built in 1962 and changed hands from a private seller that owned the asset since 1968. Maspeth Federal Savings Bank originated a $1.7 million balloon mortgage on behalf of the buyer.<\/p>","protected":false},"excerpt":{"rendered":"<p> A recap of recent major transactions compiled by PropertyShark.<\/p>\n","protected":false},"author":1269,"featured_media":1004714353,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,10,37749,37790],"tags":[52395],"class_list":["post-1004714351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-northeast","category-research-center-cpe","category-rc-retail-nyc-spotlight","tag-propertyshark"],"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\u2014April 2024 - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"A recap of recent major transactions compiled by PropertyShark. 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