Top 5 Retail Space Sales
- Dec 14, 2018
- 2328 & 2330 Broadway, Manhattan
Sale Price: $61,000,000
Purchased along with 2328 Broadway, the two-story property at 2330 Broadway offers six commercial units comprising 8,140 square feet of retail and 6,660 square feet of office. Situated in the Upper West Side with access to the 1 subway line at the corner of Broadway and 86th Street, the building is home to Broadway Family Pharmacy and Fez Under Time Café. The asset is estimated to have been built in 1910 and was last altered in 1987.
- 156, 158, 158H & 160 Bowery, Manhattan
Sale Price: $30,000,000
Located in the neighborhood of NoLIta, the building at 156 Bowery was last updated in 1991 and is situated on a 2,508-square-foot lot. According to The Real Deal, the portfolio, which comprises 158 Bowery, 158H Bowery and 160 Bowery, was purchased by Kinsmen Property Group, a joint venture between Madison Group and State Building Group. The buildings are all low-rise properties with a total of three apartments and three commercial units. Home décor seller Lighting by Gregory previously occupied the 8,000-square-foot retail space across the properties. The acquisition was funded by a $28 million mortgage from TD Bank.
- 42 Crosby St. #COMM1, Manhattan
Sale Price: $14,250,000
Premier Equities purchased this commercial condo unit at the ground floor of this property, owned by Atlas Capital Group. The seven-story building in SoHo features 2,859 square feet of retail space, and is within close proximity to the 6 subway line at the intersection of Lafayette and Spring Streets.
- 25 W. 47th St., Manhattan
Sale Price: $11,987,179
This building is situated in Central Midtown with access to the B/D/F/M subway lines at the corner of Sixth Avenue and 47th Street. The two-story building offers 26 commercial units totaling 5,643 square feet of space. Owned by Extell Development, the firm filed demolition plans for this property along with a four-story office structure directly behind it, but there is no word on what will be built in its place as of now.
- 162 Chambers St., Manhattan
Sale Price: $11,700,000
Built in 1915, this five-story property encompasses 10,020 square feet. This includes one commercial unit totaling 2,010 square feet of retail, as well as two residential units totaling 8,010 square feet. Located in TriBeCa, the building offers convenient access to the 1/2/3 subway lines at the intersection of Chambers Street and Broadway. The M22 bus route at the corner of Chambers and Greenwich Streets is also available. The townhouse located at the top of the asset was once home to pop artist James Rosenquist, and is currently on the market for $15.5 million.