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47 Greene St #49, New York,...

Acadia Realty Trust Acquires Retail Condo In Soho For $24.8M
SOLD

Acadia Realty Trust Acquires Retail Condo In Soho For $24.8M

47 Greene St #49, New York, Ny 10013, Usa

$24,800,000

$5,767/SF

Building Size

4,300 SF

Asset Type

Closing

Aug 11, 2019

AI

Acadia Realty Trust has acquired a retail condo in Soho for $24,800,000. The property, located at 47-49 Greene Street, spans 4,300 square feet. This transaction represents a price per square foot of $5,767.

Summary of transaction details

  • Property Type: Retail Condo
  • Transaction Amount: $24,800,000
  • Address: 47-49 Greene Street
  • Market: Soho

The retail condo on Greene Street was sold by EMP Capital, represented by Elie Pariente. George Martinecz, Brian Segall, and Ike Bibi acted as brokers in the deal.

Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker
Acadia Realty Trust
Acadia Realty TrustBuyer

Elie Pariente

EMP Capital

Seller

$63.3M

vol

4 deals

Seller

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.64%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93