Premier Equities Refinances SoHo Retail Condo On Greene Street For $43M
57 Greene Street, Manhattan, New York, NY, USA
$43,000,000
$2,977/SF
Building Size
14,444 SF
Asset Type
Mixed-use
Closing
Nov 25, 2021
About this deal
AI
A retail condo located at 57 Greene Street in SoHo has recently undergone a refinancing transaction. The property, which is owned by Premier Equities, has received a loan amount of $43,000,000 from Acadia Realty Trust.
Summary of transaction details
- Property Type: Retail Condo
- Transaction Amount: $43,000,000
- Address: 57 Greene Street
- Market: SoHo
Acadia Realty Trust, a lender in this transaction, provided the loan for the refinancing. Premier Equities, the landlord of the property, facilitated the deal.
The mixed use loan at 57 Greene Street, Manhattan, New York, NY, USA in New York, New York financed for $43M in 2021. The building is 14,444 square feet, implying about 3K per square foot on the published price. This page is the New York, New York file for the 57 Greene Street, Manhattan, New York, NY, USA mixed use financed: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else financed near 57 Greene Street, Manhattan, New York, NY, USA around 2021. Published consideration for 57 Greene Street, Manhattan, New York, NY, USA is $43M, dated 2021. Cite this Premier Equities Refinances SoHo Retail Condo On Greene Street For $43M loan when underwriting similar mixed use product around New York, New York.
Players
New York Mixed-use Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93