Top 5 Retail Space Sales

PropertyShark compiled the top 5 sales in retail for November 2017 in New York City.
Source: PropertyShark, a Yardi Systems Inc. company
Source: PropertyShark, a Yardi Systems Inc. company
  1. 86 Chambers St. #C-1, Manhattan

    86 Chambers St. #C-1, Manhattan
    Sale Price: $67,000,000

The retail parcel was sold along with #C-2, #C-3 and #C-4, all of which are located on Tower 270’s first floor. TIAA acquired the asset from AION Partners, according to Yardi Matrix. Originally constructed in 1910, the building was renovated in 2001 and features first floor retail, office on levels two through seven and 87 residential units on levels eight through 28. The retail portion of the 301,393-square-foot asset totals 10,000 square feet. The location offers close access to the R subway line, as well as the Broadway/Chambers Street bus stop.

  1. 1301 Surf Ave., Brooklyn
    Sale Price: $22,000,000

Landmarked as the Coney Island Theater, this 1925-built property features seven stories and was designed by Reilly & Hall Architects. Purchased by Pye Properties through the Shore Tower Group LLC, the building comprises 115,667 square feet across three commercial units. The new owner unveiled plans to transform the former theater into retail space and a hotel, while restoring the existing theater to an entertainment venue. The building, which is Coney Island’s only landmarked property, is within close proximity to the D/F/N/Q subway lines, as well as the B36 bus route on Surf Avenue/Stillwell Avenue.

  1. 463 Lexington Ave., Manhattan
    Sale Price: $14,500,000

Home to New Era Spa and Grand Central Star Café, this retail asset features five stories totaling 6,154 square feet. Estimated to have been built in 1930, the property was last altered in 1989 and comprises 1,230 square feet of retail, 2,462 square feet of office and 2,462 square feet of residential space across four units. Located in the neighborhood of Turtle Bay, the building is located close to the 4/5/6/7 subway lines.

  1. 62-05 30th Ave., Queens
    Sale Price: $9,405,000

Built in 1956, this one story retail building comprises a total of 33,900 square feet. Located in the East Elmhurst neighborhood, it offers two commercial units including both office and retail space. The building was home to a former night club and is situated a half mile from the M/R subway lines and 0.2 miles from the Hobart Street/30th Avenue bus stop.

  1. 34-39 31st St., Queens
    Sale Price: $7,500,000

Totaling 16,000 square feet, the one-story building was constructed in 1956 and last altered in 2005. Housing three commercial units split among office, retail and factory space, the South Astoria asset is a three-minute walk from the N/Q subway lines. A-1 Printing is the property’s most recent tenant.