{"id":1004754216,"date":"2025-04-24T04:12:30","date_gmt":"2025-04-24T12:12:30","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004754216"},"modified":"2025-04-22T12:27:53","modified_gmt":"2025-04-22T20:27:53","slug":"top-5-nyc-retail-building-sales-march-2025","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-retail-building-sales-march-2025\/","title":{"rendered":"Top 5 NYC Retail Building Sales\u2014March 2025"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"266\" data-attachment-id=\"1004755221\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-retail-building-sales-march-2025\/0525_cpe_ps_retail-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/0525_CPE_PS_retail_36f391.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=\"0525_CPE_PS_retail\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/0525_CPE_PS_retail_36f391.jpg?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/0525_CPE_PS_retail_36f391.jpg\" alt=\"A chart of the top NYC retail building sales of 2025\" class=\"wp-image-1004755221\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/0525_CPE_PS_retail_36f391.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/0525_CPE_PS_retail_36f391.jpg?resize=300,100 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/0525_CPE_PS_retail_36f391.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><\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=22091\" target=\"_blank\" rel=\"noreferrer noopener\">34 E. 61st St., Manhattan<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $27.5 million<\/p>\n\n\n\n<p>Nonprofit organization Christian Advocates Serving Evangelism has sold the 9,765-square-foot retail property in the borough\u2019s Lenox Hill neighborhood. The buyer is Kassin Sabbagh Realty, known as KSR. The property previously traded in 2022, when French retailer Liaigre sold it for $16.5 million.<\/p>\n\n\n\n<p>Originally built in 1910, the five-story property was last upgraded in 2023 and includes two residential units totaling 1,328 square feet.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=58905\" target=\"_blank\" rel=\"noreferrer noopener\">57 E. Burnside Ave., Bronx<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $15 million<\/p>\n\n\n\n<p>An entity affiliated with Express Builders purchased the 21,000-square-foot retail building from a private seller. The buyer also secured $11 million in acquisition financing originated by Popular Bank.<\/p>\n\n\n\n<p>The single-story building dates back to 1923 and includes 117,530 square feet in unused air rights. It is situated close to two subway stations on Burnside Avenue and Grand Concourse as well as two bus stops, with Midtown Manhattan being 10 miles away.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=932101\" target=\"_blank\" rel=\"noreferrer noopener\">225 W. 83rd St, #COMM, Manhattan<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $9.8 million<\/p>\n\n\n\n<p>Namdar Realty Group purchased the 14,663-square-foot retail component of the residential property at 225 W. 83rd St. The seller was Nuveen Real Estate, which picked up the asset in 2011 for $44.7 million. The commercial condo was the former home of Charles Schwab and it appears to be currently vacant.<\/p>\n\n\n\n<p>The retail condo is within the 23-story residential property at 225 W. 83rd St. in Manhattan\u2019s Upper West Side. The building totals 327,793 square feet, 306 multifamily units and came online in 1985.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=32163\" target=\"_blank\" rel=\"noreferrer noopener\">2581 Broadway, Manhattan<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $5.9 million<\/p>\n\n\n\n<p>One day later, another Upper West Side property traded. Elad Group picked up the 4.800-square-foot retail building at 2581 Broadway from Walter &amp; Samuels Inc. The owner secured $6 million through one gap mortgage and one consolidated and restated loan from Mizrahi-Tefahot Bank.<\/p>\n\n\n\n<p>The two-story retail asset dates back to 1901 and includes 14,190 square feet in unused air rights while having a Walk Score of 100.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=791976\" target=\"_blank\" rel=\"noreferrer noopener\">1-20 Beach 9th St., Queens<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $5.1 million<\/p>\n\n\n\n<p>A private entity bought the 600-square-foot building in Queens\u2019 Far Rockaway neighborhood from Red Group Management. The property last traded in 2003 for $900,000. The single-story retail building was constructed in 1972 and has 66,976 square feet of unused air rights. The asset appears to be currently vacant, PropertyShark data shows.<\/p>\n\n\n\n<p>\u2014Posted on April 24, 2025<\/p>\n\n\n\n<p><\/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":1004755223,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37753,37756,1600,21742,10,37790],"tags":[52395],"class_list":["post-1004754216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research-center-finance","category-rc-investment","category-new-york","category-latest","category-northeast","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\u2014March 2025 - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"New York City&#039;s top five largest deals for the retail sector, rounded up monthly by PropertyShark. 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