Top 5 NYC Retail Building Sales—March 2024

Sale Worth: $23,113,670

The 67,197-square-foot retail property modified palms in a chapter public sale to Weizhen Chen, a Flushing, N.Y.-based actual property investor. The property was offered by a non-public vendor and final modified palms in 2017 for $20.5 million, when the present vendor picked it up from World Common Group, by means of one other chapter public sale. The 2-story retail property is now topic to a $16 million acquisition mortgage held n New Period Life Insurance coverage Co.

Sale Worth:  $21,236,250

Legion Funding Group bought the three,402-square-foot retail property in Manhattan’s Gramercy Park from a non-public vendor. The 2-story, 1910-built property is topic to a $33.5 million portfolio mortgage originated by JPMorgan Chase Financial institution. Legion Funding Group’s transaction is a part of a deal totaling $72 million the place the customer picked up a four-parcel assemblage for the event of a luxurious condominium mission, in line with The Actual Deal.

Sale Worth: $21,000,000

The 13,816-square-foot was offered by Extell Improvement and a number of other different companions to a non-public purchaser. The four-story property contains a further 21,980 sq. toes of improvement rights and may be transformed right into a townhouse or a non-public condominium, in line with New York Publish.

Sale Worth: $18,200,000

An entity affiliated to Key Meals Shops Co-Operative Inc. bought the 17,100-square-foot retail asset in Manhattan’s Washington Heights neighborhood from a non-public vendor. The property is topic to a $7.4 million acquisition mortgage and a second one totaling $582,081, each self-financed.

Sale Worth: $17,078,750

The 4,729-square-foot, one-story retail property was bought by Legion Funding Group as a part of its a number of acquisitions in Gramercy Park. The property modified palms from the identical non-public vendor and is topic to the identical $33.5 million portfolio mortgage held by JP Morgan Chase Financial institution.