{"id":1004746985,"date":"2025-02-26T02:46:49","date_gmt":"2025-02-26T10:46:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004746985"},"modified":"2025-02-19T10:42:09","modified_gmt":"2025-02-19T18:42:09","slug":"top-5-nyc-retail-building-sales-january-2025","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-retail-building-sales-january-2025\/","title":{"rendered":"Top 5 NYC Retail Building Sales\u2014January 2025"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"266\" data-attachment-id=\"1004747833\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-retail-building-sales-january-2025\/0325_cpe_ps_retail\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/0325_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=\"0325_CPE_PS_retail\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/0325_CPE_PS_retail.jpg?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/0325_CPE_PS_retail.jpg\" alt=\"A chart depicting the top five NYC retail building sales of January 2025\" class=\"wp-image-1004747833\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/0325_CPE_PS_retail.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/0325_CPE_PS_retail.jpg?resize=300,100 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/0325_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\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=9783\" target=\"_blank\" rel=\"noreferrer noopener\">548 W. 22nd St., Manhattan<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $50.5 million<\/p>\n\n\n\n<p>California-based cybersecurity company Fortinet Inc. has purchased the 38,100-square-foot retail building in Chelsea from Atlas Capital Group. The buyer, which already had a New York City location, plans to use the four-story building as its office, <em>The Real Deal<\/em> reported. It is unclear if the current tenants will continue to lease space at 548 W. 22nd St., or if Fortinet Inc. will continue to operate from both New York City locations.<\/p>\n\n\n\n<p>The property came online in 1920 and was last upgraded in 2021. It features 11,258 unused air rights and is currently occupied by NADA New York, Shah Garg Foundation and Santa\u2019s Secret.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=11382956\" target=\"_blank\" rel=\"noreferrer noopener\">73 Wooster Street #COM, Manhattan<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $25.4 million<\/p>\n\n\n\n<p>The 8,920-square-foot retail unit of the multifamily building at 73 Wooster St. was acquired by Acadia Realty Trust from EPIC, a London-based owner and developer of commercial real estate. The asset previously changed hands in 2011, when EPIC paid $15 million to Vornado Realty Trust for it.<\/p>\n\n\n\n<p>The five-story building is in SoHo and totals 37,443 square feet. It dates back to 1929 and was last updated in 2003. The retail condo is currently leased to Italian luxury brand Moschino.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=329088\" target=\"_blank\" rel=\"noreferrer noopener\">2134 Coyle St., Brooklyn<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $22.4 million<\/p>\n\n\n\n<p>Westhab Inc. has purchased the 20,411-square-foot, two-building retail asset in Brooklyn\u2019s Sheepshead Bay from Slate Property Group. The buyer, an affordable housing provider and developer, landed $124 million loan originated by Wilmington Trust, for the development of a residential project at the property.<\/p>\n\n\n\n<p>In July 2024, Slate Property Group acquired the pair of buildings in a <a href=\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-retail-building-sales-june-2024\/\" target=\"_blank\" rel=\"noreferrer noopener\">$24.4 million portfolio deal<\/a>, with plans to construct a seven-story residential community with 175 units. The development site has already received approvals since 2022 for a residential project.<\/p>\n\n\n\n<p>The buildings at 2134 and 2150 Coyle St., came online in 1956 and include 55,407 square feet of unused air rights.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=58880\" target=\"_blank\" rel=\"noreferrer noopener\">2481 Creston Ave., Bronx<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $7.1 million<\/p>\n\n\n\n<p>Joey\u2019z Shopping purchased the 14,662-square-foot retail building in the borough\u2019s Fordham neighborhood from Abro Management Co. The buyer secured a $4.3 million acquisition loan from Interaudi Bank. The single-story building originally came online in 1955 and includes 15,931 square feet of additional air rights. Tenants here include Citibank and Dresses for Less Clothing.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=31189351\" target=\"_blank\" rel=\"noreferrer noopener\">82 Beaver St. #B, Manhattan<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $5.5 million<\/p>\n\n\n\n<p>A private buyer picked up the 7,092-square-foot retail component of a 15-story residential building from Red Pine Capital Partners. The buyer landed a $3.7 million loan from SMS Financial through an amended and restated note. The commercial unit is within 1 Wall St. Court, also known as the Beaver Building or Cocoa Exchange. Designed by Clinton and Russell, the property was completed in 1904 as an office building and later converted into a condominiums in 2006.<\/p>\n\n\n\n<p>\u2014Posted on February 26, 2025<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The metro\u2019s top deals for the sector rounded up by PropertyShark.<\/p>\n","protected":false},"author":1269,"featured_media":1004747834,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21783,1600,21742,10,37749,37790],"tags":[52395],"class_list":["post-1004746985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-investment","category-new-york","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\u2014January 2025 - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"The metro\u2019s top deals for the sector rounded up by PropertyShark. Here are the largest retail transactions of January.\" \/>\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-nyc-retail-building-sales-january-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top 5 NYC Retail Building Sales\u2014January 2025\" \/>\n<meta property=\"og:description\" content=\"The metro\u2019s top deals for the sector rounded up by PropertyShark. Here are the largest retail transactions of January.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-retail-building-sales-january-2025\/\" \/>\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=\"2025-02-26T10:46:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/0325_CPE_PS_feat_retail.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-retail-building-sales-january-2025\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-retail-building-sales-january-2025\/\",\"name\":\"Top 5 NYC Retail Building Sales\u2014January 2025 - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-retail-building-sales-january-2025\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-retail-building-sales-january-2025\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/0325_CPE_PS_feat_retail.jpg\",\"datePublished\":\"2025-02-26T10:46:49+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1b82b91678533ae5d40e3240086a42bb\"},\"description\":\"The metro\u2019s top deals for the sector rounded up by PropertyShark. Here are the largest retail transactions of January.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-retail-building-sales-january-2025\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-retail-building-sales-january-2025\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-retail-building-sales-january-2025\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/0325_CPE_PS_feat_retail.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/0325_CPE_PS_feat_retail.jpg\",\"width\":800,\"height\":620,\"caption\":\"A chart depicting the top five NYC retail building sales of January 2025\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-retail-building-sales-january-2025\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Top 5 NYC Retail Building Sales\u2014January 2025\"}]},{\"@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:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"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 NYC Retail Building Sales\u2014January 2025 - Commercial Property Executive","description":"The metro\u2019s top deals for the sector rounded up by PropertyShark. Here are the largest retail transactions of January.","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-nyc-retail-building-sales-january-2025\/","og_locale":"en_US","og_type":"article","og_title":"Top 5 NYC Retail Building Sales\u2014January 2025","og_description":"The metro\u2019s top deals for the sector rounded up by PropertyShark. Here are the largest retail transactions of January.","og_url":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-retail-building-sales-january-2025\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2025-02-26T10:46:49+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/0325_CPE_PS_feat_retail.jpg","type":"image\/jpeg"}],"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":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-retail-building-sales-january-2025\/","url":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-retail-building-sales-january-2025\/","name":"Top 5 NYC Retail Building Sales\u2014January 2025 - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-retail-building-sales-january-2025\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-retail-building-sales-january-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/0325_CPE_PS_feat_retail.jpg","datePublished":"2025-02-26T10:46:49+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1b82b91678533ae5d40e3240086a42bb"},"description":"The metro\u2019s top deals for the sector rounded up by PropertyShark. Here are the largest retail transactions of January.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-retail-building-sales-january-2025\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/top-5-nyc-retail-building-sales-january-2025\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-retail-building-sales-january-2025\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/0325_CPE_PS_feat_retail.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/0325_CPE_PS_feat_retail.jpg","width":800,"height":620,"caption":"A chart depicting the top five NYC retail building sales of January 2025"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-retail-building-sales-january-2025\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Top 5 NYC Retail Building Sales\u2014January 2025"}]},{"@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:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","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\/2025\/02\/0325_CPE_PS_feat_retail.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004746985","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=1004746985"}],"version-history":[{"count":4,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004746985\/revisions"}],"predecessor-version":[{"id":1004747835,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004746985\/revisions\/1004747835"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004747834"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004746985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004746985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004746985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}