The NYC retail market has seen not only rents climbing in 2015, but also some strong deals being closed, most of them in Manhattan but several of them in Queens and the Bronx as well.

1. 144 W 34 Street, Manhattan

Sale Price: $355,000,000

144 W 33 Street
144 W 33 Street

Located in Chelsea, this store building was previously sold in 2014 for $252,000,000 and it is currently rented out to an Old Navy store. Though spanning only 70,000 square feet, it can be expanded to almost 300,000 based on the property’s zoning. Vornado Realty is the new owner and has expanded its already massive retail portfolio with this acquisition.


2. 787 11 Avenue, Manhattan

Sale Price: $255,500,000

787 11 Avenue
787 11 Avenue

This commercial property, commonly referred to as the Ford Building was purchased by a partnership between an investment fund controlled by Bill Ackman and Georgetown Company, as reported by the Commercial Observer.


3. 224 W 57 Street #ROOF

Sale Price: $213,800,000

224 W 57 Street
224 W 57 Street

Eretz Group is the new owner of this landmark property, known as the Argonaut Building, including both office and retail spaces.



Here are the top 20 priciest retail deals closed in NYC in 2015:

Top 20 NYC Retail Sales in 2015

#AddressSale PriceSale Date NeighborhoodBuyerSeller
1144 W 34 Street$355,000,0002-Jun.Chelsea144-150 West 34th Street EAT LLCIX 150 West 34 Owner L.P., A Delaware Limited C/O Starwood Capital Group
2787 11 Avenue$255,500,00010-Jul.Clinton - Hell's Kitchen
Georgetown Eleventh Avenue Owners LLC C/O The Georgetown Co.Manhattan Ford Lincoln Inc.
3224 West 57 Street #ROOF$213,800,0007-May.Theatre District - Times SquareBSD 777-57 LLC; BSD 65 LLC; 224 Sapphire LLC; 224 Shur LLCArgonaut 224 LLC C/O M1 Real Estate
4427-429 10 Avenue
Hudson Yards50 HYMC Owner LLCMcDonald's Corporation
5601 5 Avenue
Central Midtown
Ramsbury Property ABSchematrentanove S.P.A. (Benetton USA Corporation)
6184-190 W 237 Street & 193 W 237 Street$132,925,0008-Oct.KingsbridgeEIB Riverdale Crossing LLCAG-Metropolitan Riverdale Crossing LLC C/O Angelo Gordon & Co.
7690 Madison Avenue
Lenox Hill
690 Madison AAC Member LLCMadison Properties Goup LTD. C/O ILS Fidiciary Limited
8514-522 11 Avenue
Clinton - Hell's Kitchen
Silverstein MB LLC C/O Silverstein Properties Inc.Mercedes-Benz Manhattan Inc. C/O Mercedes-Benz USA LLC
91185-1193 Broadway & 29-35 W 28 Street$100,000,0008-Jan.NoMadRP1185 LLCClark, Wile & Mayer, Inc.
10712 Madison Avenue
1-Dec.Lenox Hill
712 Madison Avenue LLC712 LLC C/O Duell LLC
1113101-13139 39 Avenue$78,299,000
2-Jul.Downtown Flushing131-01 39TH Avenue Owner LLCOutlet Plaza LLC
12176-60 Union Turnpike
1-May.Jamaica EstatesUtopia Center Development LLCUtopia Center Acquisition LLC
13361-371 W 12 Street
West Village771 Washington Street Investor LLC C/O Toms Capital LLCAlan Washington LLC C/O Ermenegildo Zegna Corporation
14151 E 60 Street
$58,054,25413-Oct.Lenox Hill
Parkview Tower Owner LLC C/O Kuafu Properties LLCGracie 151 Development LLC C/O World Wide Group
1557-61 Murray Street
5-May.TriBeCaWarren Murray Property Owner LLC C/O Cape AdvisorsEden Hadley Realty LLC; Murray Warren Associates LLC; Ramrod Realty Management Co. LLC; FKA Davpal LLC
16350 E 86 Street$50,000,00022-Sep.YorkvilleCryky LLC; Dux With Grace LLC; ERMW10538DJ LLC; SMBSIRIS LLC; SUNDOG2003 LLC; Nevermore43 LLCFirst York Associates LLC C/O Midboro Management Inc.
1758 10 Avenue$47,604,49215-Jan.Meatpacking District461 West 14th Street Property Investors III LLC C/O Savana Real Estate FundMulnick Realty LLC C/O Milk Studios
18253 3 Avenue$47,200,00010-Aug.Gramercy ParkLonger Hills II LLC C/O Alfa Development LLC261 Third Acquisition LLC; 255 Third Acquisition LLC
19142 Bowery & 136 Bowery & 134 Bowery$46,849,956
9-Oct.NoLIta138 Emmut Properties LLCREVX-660 LLC
202550-552 W 21 Street
$45,000,00022-Apr.Chelsea540 West 21st Street Holdings LLC550 West 21st Street LLC
Roxana Baiceanu

Roxana Baiceanu

Roxana is an associate editor with Multi-Housing News and Commercial Property Executive. In the past, she also created content for PropertyShark and Point2Homes’ blog pages. She also has 5 years of experience as a marketing copywriter.

Leave a Reply