TRD Insights: Every commercial sale that closed in NYC last week

Fourteen transactions were completed across the five boroughs, totaling $77M

New York Insights /
Apr.April 24, 2020 12:00 PM
The number of commercial transactions in New York City was down sharply last week but the total dollar amount was up slightly. (Photo by Gary Hershorn/Getty Images)

The number of commercial transactions in New York City was down sharply last week but the total dollar amount was up slightly. (Photo by Gary Hershorn/Getty Images)

Though the residential market regained some ground last week, the commercial market continued to fall in New York during the coronavirus pandemic.

The city’s total transaction volume fell by more than 56 percent from the week before, from $176.7 million to $77 million.

NYC’s Commercial Sales Last Week

AddressBoroughSale dateSale price
250 WEST 34TH STREET , MANHATTANMANHATTAN04/15/2020$34,000,000
177 FRANKLIN STREET , MANHATTANMANHATTAN04/16/2020$18,000,000
22-70 31ST STREET , QUEENS', 'N/A 29TH STREET , QUEENSQUEENS04/16/2020$7,365,000
42-44 13TH STREET , QUEENS', 'N/A 43RD AVENUE , QUEENSQUEENS04/15/2020$5,900,000
277 BROADWAY , BROOKLYNBROOKLYN04/13/2020$3,835,000
102-30 JAMAICA AVENUE , QUEENS', '102-32 JAMAICA AVENUE , QUEENS', '102-34 JAMAICA AVENUE , QUEENSQUEENS04/16/2020$2,500,000
37-12 PRINCE STREET 6B, QUEENSQUEENS04/13/2020$1,648,400
3524 CHURCH AVENUE 7, BROOKLYNBROOKLYN04/14/2020$1,600,000
8034 223RD STREET , QUEENS', 'N/A 223RD STREET , QUEENSQUEENS04/14/2020$800,000
535 WEST 52ND STREET 4A, MANHATTANMANHATTAN04/15/2020$481,330
70-20 108TH STREET PR 3A, QUEENSQUEENS04/16/2020$350,000
774 SCHENCK AVENUE , BROOKLYNBROOKLYN04/16/2020$235,200
535 EAST 98TH STREET , BROOKLYNBROOKLYN04/14/2020$170,000
N/A 148TH ROAD , QUEENSQUEENS04/15/2020$80,000

SOURCE: TRD analysis of Department of Finance sales

Manhattan had the highest dollar volume of sales at $52.5 million. Queens had the most sales — seven totaling $18.6 million, for an average sale price of $2.7 million. Brooklyn had $5.8 million change hands across four commercial sales. There were no such transactions recorded in the Bronx or Staten Island last week.


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