Top 5 Retail Space Sales

PropertyShark compiled the top 5 sales in retail recorded in January 2019 in New York City.
Source: PropertyShark, a Yardi Systems Inc. company
  1. 3785-3861 Nostrand Ave., Brooklyn
    3785-3861 Nostrand Ave., Brooklyn

    Sale Price: $38,250,000

Currently home to the Kouros Bay Diner, this 81,018-square-foot property was built in 1960 and last altered in 2013. Previously a shopping center, the one-story asset comprises 15 commercial units within the neighborhood of Sheepshead Bay. Nearby transportation options include the B and Q subway lines located 0.8 miles away at the corner of 15th Street and Sheepshead Bay Road. The property is also within 0.1 mile from the B36 and B44 bus routes at the intersection of Nostrand Avenue and Avenue Z.

  1. 212 Fifth Ave. #COMM2, Manhattan
    Sale Price: $26,500,000

Sold along with 212 Fifth Ave. #COMM, this space houses two commercial units in the NoMad district. The retail units are located on the ground level of a 144,899-square-foot residential property. According to The Real Deal, the owner—a joint venture between Madison Equities, Thor Equities and Building and Land Technology—sold the trio of retail condos to an unnamed international investor. Marketed by Cushman & Wakefield, the retail condominiums provide more than 200 feet of frontage along Broadway, Fifth Avenue and West 26th Street. The space is currently occupied by Togas House of Textiles, a Greek company that sells luxury home furniture, as well as Deciem, a Toronto-based make-up company.

  1. 18 W. 30th St., Manhattan
    Sale Price: $18,640,000

Leased to Admiral Staffing and Pac Imports Inc., this property is within 0.1 miles of the N/R subway lines at the corner of Broadway and 28th Street, as well as the X27, X28, X37 and X38 bus routes at the intersection of Fifth Avenue and 30th Street. The 8,360-square-foot building features five stories. The asset breaks down to 6,710 square feet of residential space and 1,650 square feet of retail space across three commercial units.

  1. 60-20 Woodside Ave., Queens
    Sale Price: $10,500,000

This 1960-built property is home to Sterling National Bank and was last upgraded in 1966. Standing two stories, the asset is located in the neighborhood of Woodside, with access to the 7 subway line at the corner of 61st Street and Roosevelt Avenue. The building offers two commercial units totaling 22,170 square feet.

  1. 227-01 Merrick Blvd., Queens
    Sale Price: $9,650,000

Sold along with 227-13 Merrick Blvd., the property was built in 1931 and last updated in 2003. Current tenants include Silver Krust West Indian Restaurant, Belle Rose Beauty Supply Inc. and Laurelton Plumbing & Heating. Nearby transportation options include the F subway line located 3.2 miles away at the corner of 180th Street and Hillside Avenue, as well as the Q5 bus route located 0.1 mile away at the intersection of Merrick Boulevard and 228th Street. Situated within the Laurelton neighborhood, the asset features six commercial units totaling 18,400 square feet, split between retail and storage space.