Top 5 Retail Space and Office Building Sales
- Sep 30, 2017
Top 5 retail space sales recorded in July 2017
258 Eighth Ave., Manhattan
Sale Price: $107,250,000
Featuring 39,500 square feet across two stories, this 1932-built asset is home to four commercial units, occupied by Gap, CVS Pharmacy, Devjani Sonia and New York Sports Clubs. The property, located in the neighborhood of Chelsea, was last altered in 2000.
- 378 Schermerhorn St., Brooklyn
Sale Price: $25,000,000
Located in Boerum Hill, the one-story building was constructed in 1920 and was last altered in 1985. Housing four commercial units, the property totals 9,589 square feet.
- 2837 Coney Island Ave., Brooklyn
Sale Price: $12,200,000
Constructed in 1926, this one-story retail asset is home to a 99 Cent Superstore. The building features 10,000 square feet of space and was purchased by Med Partners LLC. Located in Sheepshead Bay, the property is within close proximity to both the B and Q subway lines.
- 2040 White Plains Road, Bronx
Sale Price: $11,000,000
Acquired by Arker Cos., the 108,767-square-foot building offers residential, retail and garage space. Located in Bronxdale, the property is close to the 2 and 5 subway lines. The seven-story building was developed in 2005.
- 1769 86th St., Brooklyn
Sale Price: $10,700,000
This two-story building comprises 33,600 square feet and was constructed in 1929. Last altered in 2012, the Bensonhurst asset is home to Fong & Zhou Supermarket.
Top 5 office building sales recorded in July 2017
375 Hudson St., Manhattan
Sale Price: $580,000,000
The 18-story asset offers 785,011 square feet of office, 15,702 square feet of retail, 20,000 square feet of garage and 87,225 square feet of excess space. Housing six commercial units, the 1987-built property is located in the Hudson Square neighborhood. Owned by Trinity Real Estate, the LEED Gold-certified 375 Hudson offers common-area Wi-Fi, 100 parking spaces and a fitness center. Last renovated in 2012, it houses such notable tenants as Tishman Speyer, Penguin Random House Audio, Turner Construction, Juice Press and Zenith Media.
- 11 E. 51st St., Manhattan
Sale Price: $30,000,000
Until recently owned by Banco Mercantil of Venezuela, this former residence of granite magnate John Peirce encompasses six stories totaling 13,349 square feet. The asset was built in 1915 and last altered in 1994. The transit-oriented property offers quick access to the E/M subway lines and Madison Avenue/E. 51st Street bus stop.
- 119 Columbia Heights, Brooklyn
Sale Price: $18,000,000
Totaling 29,952 square feet, this Brooklyn Heights office asset features five stories and was built in 1969. Located in a historic district, the asset provides direct access to the 1/2/3 subway lines.
- 558 W. 21st St., Manhattan
Sale Price: $17,300,000
Home to three office units totaling 4,080 square feet, this Chelsea asset was last altered in 1988. The building is located closest to the A/C/E subway lines.
- 8802 Fifth Ave., Brooklyn
Sale Price: $15,000,000
The former home of Santander Bank, this Bay Ridge property stands one story tall, with two commercial units. The 9,223-square-foot asset was built in 1956 and is located closest to the R subway line.