Top 5 Retail Space Sales
- May 15, 2018
- 252 E. 57th St. #RNTAL, Manhattan
Sale Price: $276,000,000
Sold along with #RET A, #RET B, #RET C, #RET D, #RET E and #RET F, these retail parcels are located on the ground floor of a luxury high-rise building, Aalto57. The LEED Silver property offers studio- to three-bedroom floorplans across 57 stories. The asset features 593,929 square feet of residential, 27,726 square feet of retail and 11,173 square feet of garage space. The building is situated in Central Midtown, within close proximity to the E/M/6 subway lines at Third Avenue and 53rd Street, or the M1/M15 bus route at Second Avenue and East 57th Street.
- 118 Second Ave., Brooklyn
Sale Price: $53,000,000
Forest City Ratner sold this property as part of a portfolio transaction along with 1 11th St., 73 12th St., N/A 12th St. and 34 Ninth St. to Two Trees Management. The 84,640-square-foot property located in the neighborhood of Gowanus is currently home to a Lowe’s Home Improvement store. The F/G/R subway lines are all located nearby, with access at Smith Street and Ninth Street. The B61 bus is also available at Ninth Street, .08 miles away from the asset.
- 525 W. 24th St. #2, Manhattan
Sale Price: $28,125,000
Sold along with 525 W. 24th St. #1, this two-story property was built in 1947. Located in West Chelsea, the building features two units and is within close proximity to the C/E subway line at the corner of Eighth Avenue and 24th Street.
- 24-01 Queens Plaza North, Queens
Sale Price: $16,700,000
This one-story retail building was home to Scandals, an entertainment club in Long Island City. The property comprises two commercial units totaling 6,000 square feet of space on a 6,900-square-foot lot. Built in 1961, the asset is within walking distance from the N/Q/7 subway lines at Queens Plaza North and 27th Street.
- 74-12 37th Ave., Queens
Sale Price: $16,000,000
Home to the Apna Express Discount Store, Thakali Kitchen, Afghan Kebab & Grill, Meghna Bazaar & Halal Meat, Mejbaan Restaurant & Darbar Hall and Universal Express, this 1948-built property houses seven commercial units totaling 8,563 square feet. Located in Jackson Heights, the E/F/M/R/7 subway lines are within close proximity to the asset, .12 miles away at 73rd Street and 37th Road. The one-story buildings are situated on a 10,000-square-foot lot.