Most Expensive NYC Retail Property Sales in January 2016

The first month of 2016 recorded intense activity in the NYC retail market with Manhattan dominating the list of most expensive properties sold. Brooklyn and Queens are also both well represented, while the Bronx makes one contribution to the list thanks to a package deal closed for two neighboring store buildings in Wakefield.

427-429 10 Avenue (Sale price: $152M)

Most expensive retail building

The diner at 427-429 10 Avenue sold for an impressive price since it was the missing piece of the puzzle needed to build the office tower at 50 Hudson Yards.

Related paid over $150M to secure this development site which comes with 150,000 buildable square feet.

Here is the full list of most expensive retail property sales recorded in January 2016:

Top NYC Retail Sales January 2016

#AddressBoroughSale Date Recorded DateSale Price
1427-429 10 AvenueManhattan12/15/20151/15/2016$152,268,750
250 West 13 Street
54 West 13 Street

3730 Lexington AvenueManhattan12/22/20151/7/2016$18,500,000
442-50 Avenue C
37 Otsego Street
830 Lafayette Avenue
387-389 Mother Gaston Boulevard
652 Flatbush Avenue
5123 Kent Avenue
121 Kent Avenue
119 Kent Avenue
6257 West 34 StreetManhattan12/17/20151/15/2016$15,697,811
7232 Mott StreetManhattan12/17/20151/6/2016$14,730,000
81301-1311 Surf AvenueBrooklyn12/29/20151/26/2016$14,000,000
91234 Madison AvenueManhattan12/22/20151/4/2016$13,425,000
1021-19 31 StreetQueens1/13/20161/27/2016$12,050,000
11845 BroadwayBrooklyn12/23/20151/7/2016$11,500,000
126204-6226 Roosevelt AvenueQueens12/17/20151/5/2016$10,000,000
1350-52 West 33 StreetManhattan1/12/20161/28/2016$10,000,000
144705-4709 5 AvenueBrooklyn12/8/20151/4/2016$9,500,000
15216 East 53 StreetManhattan12/30/20151/13/2016$7,450,000
16154 8 AvenueManhattan1/12/20161/28/2016$7,000,000
1792-12 165 StreetQueens12/31/20151/22/2016$6,200,000
184653 White Plains Road
4651 White Plains Road
19847 Lexington AvenueManhattan12/21/20151/11/2016$6,000,000
20448 West 44 StreetManhattan12/22/20151/12/2016$4,640,000
Andra Rus

Andra Rus

With 10+ years of experience at PropertyShark, Andra covers the latest product updates and market reports for our blog. Her work has been featured in The Real Deal, Curbed, TimeOut, The Daily Mail, Business Insider, Crain’s New York.

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