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High 5 NYC Retail Constructing Gross sales—October 2024

by Index Investing News
November 26, 2024
in Property
Reading Time: 2 mins read
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Supply: PropertyShark, a Yardi Methods Firm

Sale Value: $43.4 million

Acadia Realty Belief picked up three retail condominium items totaling 7,906 sq. toes in Soho from Continental Ventures. The deal contains two items at 92 Greene St. of two,936 sq. toes and a couple of,569 sq. toes, respectively, together with a 2,401-square-foot unit at 109 Mercer St . The retail belongings are a part of a 2005-built mixed-use constructing rising seven tales and spanning 51,065 sq. toes.

Sale Value: $35 million

In the future later, the identical agency acquired 11,250 sq. toes of retail house unfold throughout three buildings in Brooklyn’s Williamsburg space from M&V Provisions Co. Situated at 141 Berry St. and between 123 and 125 N. sixth St., the deal contains two properties occupied by Companions Espresso Café & Roastery and Lululemon, along with a vacant constructing. The three-story constructions had been initially accomplished in 1985 and embrace two residential items.

Sale Value: $28.6 million

In the identical Williamsburg space, Empire State Realty Belief purchased a 16,924-square-foot, two-story constructing from L3 Capital. The retail property initially got here on-line in 1962, was renovated in 2001 and options 5,990 sq. toes of workplace house alongside 4,502 sq. toes of cupboard space. The properties final traded for $49 million in 2013 when RedSky Capital bought them to L3 Capital.

Sale Value: $28.3 million

Two days earlier, Empire State Realty Belief acquired one other retail property on the identical road within the borough’s Williamsburg space, from the identical vendor, L3 Capital. The 6,232-square-foot single-story constructing got here on-line in 1950 and is dwelling to a perfume, magnificence and eyewear boutique by Chanel.

Sale Value: $18.1 million

The identical entities made one other deal on the identical road, involving a 1910-built, 2,510-square-foot retail property. The acquisition is a part of Empire State Realty Trusts’s $195 million portfolio deal on the borough’s North sixth Road, in line with The Actual Deal. The one-story retail asset was renovated in 2019 and is now out there for lease, as it’s included within the REIT’s North Sixth Road Assortment, a portfolio of prime retail buildings, in line with the corporate’s web site.



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