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Crown Acquisitions Purchases Retail Mall From Macy’s Retail Holdings For $16 Million In Staten Island

Property Image
SOLD
$16,000,000

New York

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Retail319,000 SF
Sold 07/02/2025
the dealdetailscomps
Property Image
SOLD

Crown Acquisitions Purchases Retail Mall From Macy’s Retail Holdings For $16 Million In Staten Island

112 Richmond Hill Road

See Similar Deals
Retail319,000 SF
Sold 07/02/2025
the dealdetailscomps

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$50
Total Square Footage:319,000 SF
Transaction Type:Sale

A retail asset located at 112 Richmond Hill Road in New Springville, Staten Island was sold for $16,000,000. The property features a total square footage of 319,000. With a building size factor of 1,021,538, the price per building square foot stands at $16, while the price per square foot is $50.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $16,000,000
  • Buyer: Crown Acquisitions
  • Seller: Macy’s Retail Holdings, LLC
  • Address: 112 Richmond Hill Road
  • Market: New Springville, Staten Island
  • Building Size Factor: 1,021,538
  • Price per Building Square Foot: $16
  • Square Footage: 319,000
  • Price per Square Foot: $50

Crown Acquisitions, through CDMSI LLC, was the buyer in this transaction, acquiring the property from Macy’s Inc. The deal highlights the active involvement of both parties in the suburban retail market.

Players

Crown Acquisitions
Crown Acquisitions
BUYER

Details

SOLD
IMAGE: 07/02/2025 ADDRESS: 112 Richmond Hill Road MARKET: New Springville, Staten Island ASSET TYPE: Retail BUYER: Crown Acquisitions SELLER: Macy’s Retail Holdings, LLC SALE PRICE: $16,000,000 BSF: 1,021,538 ~ PPBSF: $16 SF: 319,000 ~ PPSF: $50 NOTE: Crown Acquisitions, via CDMSI LLC, bought a suburban retail mall at 112 Richmond Hill Road in Staten Island from Macy’s Inc. for $16M.

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