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102 Greene Street

RFR Realty Sells Retail Property At 102 Greene Street In SoHo For $46M
SOLDRetail

RFR Realty Sells Retail Property At 102 Greene Street In SoHo For $46M

102 Greene Street

$46,000,000

$4,927/SF

Building Size

9,336 SF

Asset Type

Retail

Closing

Nov 8, 2024

AI

A retail property located at 102 Greene Street in the SoHo market has been sold. The property spans a total area of 9,336 square feet and was sold for $46,000,000, with a price per square foot of $4,927.

Summary of transation details:

The transaction involved RFR Realty as the seller, with Michael Hunter Coghill from Adirondack Capital Partners representing the deal. The successful brokerage facilitated the transaction within the competitive retail market of SoHo.

Players

Michael Hunter Coghill

Adirondack Capital Partners

Broker

$433.8M

vol

13 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.34%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93