New York Community Bank sold its branch building and the attached retail strip in Surfside for $18 million.
The bank (NYSE: NYCB), which operates in Florida as AmTrust Bank, sold the 25,058-square-foot building at 9564 Harding Ave, to Surfside Retail LLC, an affiliate of Great Neck, New York-based Benedict Realty Group. The bank provided seller financing of $11.7 million. That equates to $718 per square foot.
In addition to the AmTrust Bank branch, tenants in the property include CVS Pharmacy.