Top 5 Retail Space Sales

PropertyShark compiled the top 5 sales in retail recorded in September 2018 in New York City.
Source: PropertyShark, a Yardi Systems Inc. company
  1. 200 Lafayette St. #1, Manhattan
    200 Lafayette St. #1, Manhattan

    Sale Price: $51,327,936

The retail space of this property can be found underground totaling 7,846 square feet, as well as an additional 16,780 square feet at the rooftop. The building was originally constructed in 1896 and was completed renovated in 2012. The asset contains a separately parceled privately owned retail condominium. According to Yardi Matrix, the last recorded owner was LaSalle Investment Management, which purchased the third through seventh floors from GGP in May 2015, for $124.5 million.

  1. 2503-2509 Broadway, Manhattan
    Sale Price: $50,000,000

This one-story retail building offers two commercial units totaling 7,340 square feet. The property, located in the Upper West Side, is within close proximity to the 1/2/3 subway line at the intersection of Broadway and 96th Street. According to The Real Deal, the property was sold to an entity tied to MSD Partners, which provided a $35 million loan for the transaction. The building is set to be demolished to develop a new 19-story mixed-use building that will offer 85,000 square feet of residential space and 5,000 square feet of commercial space.

  1. 2875 Flatbush Ave., Brooklyn
    Sale Price: $14,150,000

The former home of a Toys R Us, this property offers 45,969 square feet. Built in 1991 on a 130,120-square-foot lot, the building is located in the neighborhood of Floyd Bennett Field and provides access to the Q35 bus route 0.05 miles away.

  1. 976 Sixth Ave., Manhattan
    Sale Price: $13,250,000

Home to 5 Boro Burger, Best Footsie Spa, Kult Records and the Red Rocket Tattoo shop, the asset offers seven commercial units across three stories, totaling 4,630 square feet. The building is in close proximity to the B/D/F/M and N/Q/R subway lines at the corner of Sixth Avenue and 35th Street.

  1. 135-23 Roosevelt Ave., Queens
    Sale Price: $9,500,000

This two-story property offers six commercial units totaling 2,200 square feet of office, 3,500 square feet of retail and an additional 3,000 square feet of storage space. Located in Downtown Flushing, the building stands two stories and is home to Comfort Drugs Inc., Cricket Wireless, Income Tax Consultants, Pokewave and more. Nearby transportation includes the 7 subway line at the corner of Main Street and Roosevelt Avenue, as well as the Q25 bus route.