Top 5 Retail Space Sales

PropertyShark compiled the top 5 sales in retail for June 2018 in New York City.
Source: PropertyShark, a Yardi Systems Inc. company
  1. 646-662 11th Ave., Manhattan
    646-662 11th Ave., Manhattan

    Sale Price: $93,125,000

Home to Lexus of Manhattan, this two-story property located in the Clinton neighborhood was built in 1946. Comprising 50,207 square feet, the asset features two commercial units and was last altered in 1987. The C/E subway lines are located less than half a mile away at the corner of Eighth Avenue and 49th Street, as well as the M12 bus at 11th Avenue and West 47th Street.

  1. 15 E. 57th St., Manhattan
    Sale Price: $81,466,435

Located in Midtown with access to the N/Q/R subway lines at the corner of Fifth Avenue and 60th Street, this property is situated on a 4,317-square-foot lot. The building was originally built in 1996 and encompasses 63,875 square feet across 16 stories. There are three commercial units split between retail and office.

  1. 1608 Shore Parkway, Brooklyn
    Sale Price: $48,873,968

Known as Ceasar’s Bay Shopping Center, this property offers eight commercial units, leased by tenants such as Kohl’s, Modell’s Sporting Goods, Sally Beauty, Best Buy, a former Toy’s R Us and more. The two-story asset comprises seven individual buildings totaling 285,471 square feet on a 970,000-square-foot lot. The closest subway is the D line, located 0.63 miles away at the corner of Bay Parkway and 86th Street.

  1. 84-01 Roosevelt Ave., Queens
    Sale Price: $19,100,000

This one-story retail building was constructed in 1928 and features 19,000 square feet. Current tenants across its nine commercial units include Electro Shack, Fabco Shoes and Optima Beauty Supply. Located in the neighborhood of Jackson Heights, the property offers convenient access to the 7 subway line.

  1. 687 Eighth Ave., Manhattan
    Sale Price: $13,750,000

This asset comprises 7,760 square feet across four floors. The ground floor retail spaces occupies 3,900 square feet, while on top there are four residential units at an average size of 965 square feet. Estimated to have been constructed in 1920, the building is situated on a 2,017-square-foot lot and is centrally located to several subway lines including the A/C/E, N/Q/R, S, 1/2/3 and 7.