METROPOLITAN REALTY ASSOCIATES SIGNS BEST BUY TO 35,500 SF LEASE ON FASHION DRIVE, NANUET, NY

Transaction marks rapid re-leasing of anchor space in former MACYs building vacated by AT HOME in December 2025
April 1, 2026 – New York, NY – Metropolitan Realty Associates LLC (MRA), led by CEO and Founder Joseph A. Farkas, has signed Best Buy, the largest specialty consumer electronics retailer in North America, to a 35,500-square-foot lease at 5101 Fashion Drive in Nanuet, NY.

Best Buy will occupy a portion of the ground floor of the former Macy’s building, within the Shops at Nanuet, as part of MRA’s ongoing repositioning of the anchor space previously occupied by At Home, which vacated the property at the end of 2025.

“The rapid re-leasing of a significant portion of our ground floor on a long-term lease to a major national retailer underscores the strength of our ‘Main and Main’ location at the intersection of Route 59 and Middletown Road,” said Farkas. “Visibility, accessibility, and proximity to a strong consumer base continue to make this property highly desirable.”

He added, “Tenants benefit from tremendous customer parking, high ceilings, efficient loading infrastructure, and co-tenancy with leading national retailers, including Stop & Shop, Floor & Décor, Apple, Regal Cinemas, and 24 Hour Fitness, as well as a strong mix of restaurants and specialty retailers. We are also continuing to enhance the property through targeted retail additions, including the recent introduction of a new freestanding Popeyes Louisiana Kitchen drive-through restaurant, further activating the site and broadening its food and convenience offerings. We are pleased to welcome Best Buy to the center.”

The transaction represents a key milestone in MRA’s strategy to reposition and strengthen the property’s anchor tenancy. Approximately 60,000 square feet of additional prime retail space remains available for lease, with strong interest from national retailers seeking highly visible locations with convenient regional access.

Jeffrey Howard, Vice Chairman of RIPCO Real Estate, represented the tenant, Best Buy. David Landes and Zach Landes of Royal Properties represented Metropolitan Realty Associates and serve as the exclusive leasing agents for the property.

About Metropolitan Realty Associates, LLC
Metropolitan Realty Associates LLC (MRA), established in 2001 by CEO and Founder Joseph Farkas, is a fully integrated, private real estate investment and development company specializing in core, core-plus, and opportunistic investments throughout the New York metropolitan area. MRA creates out-sized returns for its investors by implementing investment strategies that prioritize first-class environments for its tenants in growing markets and strategic asset classes.