Sales Deals of the Week: Queens Retail Plaza Trades for $80M

The top five sales across the country from Feb. 20 to Feb. 23.


Real estate investors cooled their heels this week. An $80 million deal in Queens, N.Y., topped the list for the largest investment sales and a $46.9 million sale in Brooklyn was further proof of life in New York City’s outer boroughs. In Southern California, TPG Angelo Gordon and Ocean West Capital Partners sold an office building at a 42.5 percent loss for $31 million.

Amount Address Buyer Seller Brokers Asset
$80 million 41-60 Main Street, Queens, N.Y. Madison Realty Capital Jeffrey Wu Newmark's Adam Spies and Daniel O’Brien Office and retail
$46.9 million 1301 Avenue M, Brooklyn, N.Y. Heitman Capital Management Equity Resource Investments Keen-Summit Capital Partners' Harold Bordwin, Craig Fox and Anthony Cardillo Self-storage
$31 million 1 MacArthur Place, Santa Ana, Calif. New American Funding TPG Angelo Gordon and Ocean West Capital Partners N/A Office
$28 million 10351 Wilshire Boulevard, Los Angeles, Calif. Sean Daneshgar Devonshire Delaware CBRE’s Laurie Lustig-Bower and Kamran Paydar and Carolwood Estates’ Barbara Duskin Residential
$22.4 million 533 S Dixie Highway, Deerfield, Fla. Smith & Henzy Affordable Group Deerfield Beach Housing Authority N/A Residential

Sales of the week reflect deals closed or announced from Feb. 20 to Feb. 23. Information on sales can be sent to