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Top NYC Retail Building Sales – February 2024

March 30, 2024
in Real Estate
Reading Time: 4 mins read
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Top NYC Retail Building Sales – February 2024

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Supply: PropertyShark, a Yardi Techniques Inc. firm
Supply: PropertyShark, a Yardi Techniques Inc. firm
Supply: PropertyShark, a Yardi Techniques Inc. firm

Sale Worth: $11,400,000

Lane Capital Companions offered the 23,400-square-foot, three-story retail property in Brooklyn’s neighborhood of Greenwood Heights to a personal investor. Inbuilt 1930 and most lately renovated in 2014, the retail constructing final modified palms in 2020 for $7.9 million.

Sale Worth: $10,000,000

A non-public vendor offered the 20,150-square-foot asset to a few entities sharing possession pursuits, all main to personal traders. S3 Capital supplied acquisition financing within the quantity of $7 million. The Williamsburg four-story property was initially accomplished in 1920 and most lately upgraded in 2007.

Sale Worth: $6,500,000

A non-public vendor offered the 13,500-square-foot, two-story retail constructing throughout the Bushwick neighborhood to Church buildings United for Honest Housing, a non-profit group that gives inexpensive housing providers and social assets. Nonprofit Finance Fund supplied a complete of $6.8 million in financing through two separate mortgage agreements.

Sale Worth: $6,000,000

The 13,180-square-foot, two-story retail constructing traded between two personal traders. Webster Financial institution Nationwide Affiliation supplied a complete of $3.9 million in financing through an acquisition mortgage and a consolidation mortgage settlement. The property is in-built 1935 and is located inside Queens’ neighborhood of Murray Hill.

Sale Worth: $5,250,000

Prosper Property Group acquired the two,514-square-foot TriBeCa retail asset from a personal vendor. The 2-story constructing was initially accomplished in 1954 and notable tenants embrace Lauderdale County Financial institution Inc. and Belle Reve, amongst others.

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