Top 5 Retail Space and Office Building Sales
- Mar 17, 2017
Top 5 retail space sales recorded in February 2017
Sale Price: $19,550,000
Purchased by Hubb NYC Properties on Jan. 20, 2017, this 6,546-square-foot retail space is home to Energy Kitchen, Green Pea restaurant and Elixir Juice Bar.
2. 1055 Bronx River Ave. #A, Bronx
Sale Price: $17,057,053
Located in the Soundview neighborhood of the Bronx, the retail unit houses 113,605 square feet and was sold for $150 per square foot.
3. 7 E. 53rd St., Manhattan
Sale Price: $15,250,000
The two-story, 5,460-square-foot retail building, located in Central Midtown, is home to Le Pain Quotidien restaurant and offers two commercial units.
4. 161 Court St., Brooklyn
Sale Price: $13,600,000
This property offers three residential units totaling 3,030 square feet atop a 1,800-square-foot retail space. Originally built in 1910, the Boerum Hill asset was purchased by Eastern Capital, along with 163 Court St. The two buildings made up the now closed BookCourt bookstore.
5. 1055 Bronx River Ave. #B, Bronx
Sale Price: $11,235,534
Unit B of the Bronx River Ave. asset houses 80,126 square feet of retail space. Purchased on Jan. 27, 2017, along with unit A, the entire building is leased by ABC Carpet & Home.
Top 5 office building sales recorded in February 2017
Sale Price: $125,000,000
Located in the Flatiron District of Manhattan, this 11-story, 132,121-square-foot office and commercial asset was originally built in 1907. Formerly Pier 1 Imports, the building offers as much as 29,000 square feet of retail space.
2. 250 W. 54th St., Manhattan
Sale Price: $83,126,000
Purchased by Zar Properties, this Theater District asset offers 12 stories comprising 110,738 square feet of office and 23,703 square feet of retail space. The building was purchased on Feb. 9, 2017, and is neighbors with Crunch Fitness, LB Graph & Printing and a Subway sandwich shop.
3. 185 Marcy Ave., Brooklyn
Sale Price: $29,950,000
Originally built in 1905, with updates in 1995, this six-story property comprises 20 commercial units totaling 57,425 square feet. Acuity Capital Partners purchased the Williamsburg asset.
4. 35-01 36th St., Queens
Sale Price: $24,000,000
In the South Astoria neighborhood of Queens stands this four-story building, purchased by Hunton & Williams LLP and located next to Five Napkin Burger and Bizaare Ave. Café. The property offers 27,000 square feet of office and 22,000 square feet of retail space.
5. 174 Fenimore St., Brooklyn
Sale Price: $2,635,000
This standalone asset located in the Prospect/Lefferts Gardens neighborhood is occupied by the Bedford Medical Group. Purchased on Feb. 1, 2017, the building comprises 4,960 square feet of space and was last updated in 1996.