Top 5 NYC Retail Building Sales—October 2024
Property Shark’s latest roundup of the city’s top deals.
Sale Price: $43.4 million
Acadia Realty Trust picked up three retail condominium units totaling 7,906 square feet in Soho from Continental Ventures. The deal includes two units at 92 Greene St. of 2,936 square feet and 2,569 square feet, respectively, along with a 2,401-square-foot unit at 109 Mercer St . The retail assets are part of a 2005-built mixed-use building rising seven stories and spanning 51,065 square feet.
Sale Price: $35 million
One day later, the same firm acquired 11,250 square feet of retail space spread across three buildings in Brooklyn’s Williamsburg area from M&V Provisions Co. Located at 141 Berry St. and between 123 and 125 N. 6th St., the deal includes two properties occupied by Partners Coffee Café & Roastery and Lululemon, in addition to a vacant building. The three-story structures were originally completed in 1985 and include two residential units.
Sale Price: $28.6 million
In the same Williamsburg area, Empire State Realty Trust bought a 16,924-square-foot, two-story building from L3 Capital. The retail property originally came online in 1962, was renovated in 2001 and features 5,990 square feet of office space alongside 4,502 square feet of storage space. The properties last traded for $49 million in 2013 when RedSky Capital sold them to L3 Capital.
Sale Price: $28.3 million
Two days earlier, Empire State Realty Trust acquired another retail property on the same street in the borough’s Williamsburg area, from the same seller, L3 Capital. The 6,232-square-foot single-story building came online in 1950 and is home to a fragrance, beauty and eyewear boutique by Chanel.
Sale Price: $18.1 million
The same entities made another deal on the same street, involving a 1910-built, 2,510-square-foot retail property. The acquisition is part of Empire State Realty Trusts’s $195 million portfolio deal on the borough’s North 6th Street, according to The Real Deal. The one-story retail asset was renovated in 2019 and is now available for lease, as it is included in the REIT’s North Sixth Street Collection, a portfolio of prime retail buildings, according to the company’s website.
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