New York REIT has offloaded its Manhattan retail assets. Brookfield Property Partners purchased the Bleecker Street retail portfolio for $31.5m, while a family office acquired 416 Washington Street for $11.2m. HUBB NYC purchased the retail condominium unit and parking garage at 350 West 42nd Street for $25.1m, while RFR Realty purchased eight retail condominium units at 122 Greenwich Avenue, also known as One Jackson Square, in the West Village for $31m. “We were proud to have been chosen by New York REIT to execute the sale of these retail assets,” explained Jeff Fishman, vice chairman of RKF, which arranged the portfolio sale on behalf of New York REIT. “The sales that our team arranged reflect how we were able to effectively present a retail portfolio to four distinct investors with different profiles.”
