{"id":1004734522,"date":"2024-10-30T01:00:00","date_gmt":"2024-10-30T09:00:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004734522"},"modified":"2024-10-31T00:15:04","modified_gmt":"2024-10-31T08:15:04","slug":"title-top-5-nyc-retail-building-sales-september-2024","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/title-top-5-nyc-retail-building-sales-september-2024\/","title":{"rendered":"Top 5 NYC Retail Building Sales\u2014September 2024"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/1124_CPE_PS_retail.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"266\" data-attachment-id=\"1004734523\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/title-top-5-nyc-retail-building-sales-september-2024\/1124_cpe_ps_retail\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/1124_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=\"1124_CPE_PS_retail\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/1124_CPE_PS_retail.jpg?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/1124_CPE_PS_retail.jpg\" alt=\"Top 5 NYC Retail Building Sales in September 2024\" class=\"wp-image-1004734523\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/1124_CPE_PS_retail.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/1124_CPE_PS_retail.jpg?resize=300,100 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/1124_CPE_PS_retail.jpg?resize=768,255 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><figcaption class=\"wp-element-caption\">Source: PropertyShark, a Yardi Systems company<\/figcaption><\/figure><\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=136213453\">636 Ave. of the Americas, Manhattan<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $37.5 million<\/p>\n\n\n\n<p>The New York Hotel Trades Council and Hotel Association of New York City Health Center Inc. has purchased the 17,563-square-foot retail space at 636 Ave. of the Americas, from Nuveen Real Estate. The Flatiron District retail space is part of a 69,875-square-foot building originally completed in 1902. Nuveen Real Estate owned the retail part since 2014, when it acquired it for $42 million. The new ownership also purchased the remaining office space of the seven-story property\u2019s upper floors from Clarion Partners, intending to use both spaces, according to <em>TheRealDeal<\/em>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=158243488\">2435 Frederick Douglass Blvd., Manhattan<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $16.5 million<\/p>\n\n\n\n<p>Services for the UnderServed has purchased a 11,838-square-foot retail building in Manhattan\u2019s Harlem area from James Equities. The two-story building also became subject to a $15.4 million acquisition loan and a $5.9 million construction loan initially originated by Enterprise Community Loan Fund and assigned to Citigroup Inc.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=25377\">170 E.&nbsp; 80th St., Manhattan<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $14 million<\/p>\n\n\n\n<p>Vinik Family Foundation has acquired the 11,012-square-foot retail building in Manhattan\u2019s Carnegie Hill, from ACRES Capital. Dating back to 1899, the five-story building traded for $34.4 million earlier this year from Kate Shin\u2019s Waterfall Gallery through a foreclosure deal to ACRES Capital, according to <em>TheRealDeal<\/em>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=245249\">847 Flatbush Ave., Brooklyn<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $12.5 million<\/p>\n\n\n\n<p>Platinum Realty Associates purchased the 2,640-square-foot retail property together with its 29,070-square-foot twin building at <a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=245249\">833 Flatbush Ave<\/a>. \u00a0The seller was Harbor Group International, that owned the assets since 2015. Built between 1931 and 1939, the properties became subject to a $8.9 million loan secured through a consolidated and extension agreement with Customers Bank.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=28499432\">205 E. 59th St., Manhattan<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $11.7 million<\/p>\n\n\n\n<p>A private individual sold the 13,430-square-foot retail component of a 25-story multifamily building in Manhattan\u2019s Lenox Hill to Indianapolis-based Sandor Development. The retail space is part of a 133,851-square-foot multifamily building that was completed in 2003 and includes 107 units. This acquisition marks Sandor Development\u2019s first purchase in New York City, according to <em>Traded<\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Property Shark\u2019s latest roundup of the city\u2019s top deals.<\/p>\n","protected":false},"author":1269,"featured_media":1004734524,"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-1004734522","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\u2014September 2024 - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Read Property Shark\u2019s monthly roundup of New York City&#039;s top retail deals. 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