Retail & Garage Units at W 53rd St Mixed-Use Condo Sell for $35.3M

PGIM Real Estate has sold the retail and garage condo units at the base of the 25-story, 247-unit mixed-use property at 301 West 53rd Street. The sale to Regal 897 8th Ave LLC, an entity connected to Regal Ventures, was completed through two transactions totaling $35.3 million. According to New York City records, the 16,405-square-foot retail unit sold for $27 million, or about $1,646 per square foot and the 21,272-square-foot garage unit traded for $8.25 million, or about $388 per square foot.