Ralph Lauren Acquires Retail Space At 109 Prince Street Soho From Jean-Pierre Lehmann For $132M
109 Prince Street
$130,000,000
$5,200/SF
Building Size
25,000 SF
Asset Type
Retail
Closing
Apr 17, 2025
About this deal
AI
The retail property located at 109 Prince Street in Soho, Manhattan, has been sold for a transaction amount of $132,000,000. The asset encompasses a total square footage of 12,147, which translates to a price per square foot of $10,867.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $132,000,000
- Address: 109 Prince Street
- Market: Soho, Manhattan
- Buyer: Ralph Lauren
- Seller: Jean-Pierre Lehmann
- Brokers: Robert Cohen, Adam Spies, Brett Siegel & Peter Whitenack - Newmark
Key individuals involved in the transaction include Ralph Lauren as the buyer and Jean-Pierre Lehmann as the seller. The brokerage team comprised Robert Cohen, Adam Spies, Brett Siegel, and Peter Whitenack, representing the interests of the involved parties in this retail sale.
On the Map
$130,000,000
$5,200/SF
Retail
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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
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93