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
About this deal
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.
On the Map
$24,800,000
$5,767/SF
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Players
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