Paceline Equity Partners Acquires SoHo Retail Property On Spring Street
106 Spring Street, Manhattan, New York, NY, USA
Building Size
6,000 SF
Asset Type
Retail
Closing
Mar 1, 2021
About this deal
AI
The retail property located at 106 Spring Street in SoHo has been sold in a recent transaction. The property spans across 6,000 square feet and was sold as part of a sale.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 106 Spring Street
- Market: SoHo
Paceline Equity Partners acquired the property from Citizens Bank. The deal was facilitated by brokers Will Silverman and Jeff Organisciak of Eastdil Secured.
Traded’s record for 106 Spring Street, Manhattan, New York, NY, USA in New York, New York covers a retail sale from 2021. The building is 6,000 square feet, implying about 0 per square foot on the published price. Will Silverman, Jeff Organisciak, Eastdil Secured appear on the sale alongside Eastdil Secured. This page is the New York, New York file for the 106 Spring Street, Manhattan, New York, NY, USA retail sold: pricing, party profiles, and other closed retail comps from the same New York sit in the Market section below. Filter that New York retail set by closing date to see what else sold near 106 Spring Street, Manhattan, New York, NY, USA around 2021. Cite this Paceline Equity Partners Acquires SoHo Retail Property On Spring Street sale when underwriting similar retail product around New York, New York.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93