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111 Mercer Street

Sam Zuckert Tyler Tananbaum And Teddy Tananbaum Of TZ Capital Acquire Retail Space In Soho For $6.5M
SOLDRetail

Sam Zuckert Tyler Tananbaum And Teddy Tananbaum Of TZ Capital Acquire Retail Space In Soho For $6.5M

111 Mercer Street

$6,500,000

$1,625/SF

Building Size

4,000 SF

Asset Type

Retail

Closing

May 21, 2025

AI

Located at 111 Mercer Street in the Soho market, this retail asset was sold for $6,500,000. The property encompasses 4,000 square feet, translating to a price per square foot of $1,625.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $6,500,000
  • Address: 111 Mercer Street
  • Market: Soho
  • Square Footage: 4,000
  • Price Per Square Foot: $1,625
  • Buyer: Sam Zuckert, Tyler Tananbaum & Teddy Tananbaum - TZ Capital
  • Seller: Veracity Equities
  • Seller's Representative: Hunter Moss - Cushman & Wakefield

TZ Capital, represented by Sam Zuckert, Tyler Tananbaum, and Teddy Tananbaum, has expressed interest in further expanding their retail acquisitions within the Soho area.

Players

Hunter Moss

Cushman & Wakefield

Broker

$143.4M

vol

13 deals

Broker
TZ Capital
TZ CapitalBuyer

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

2.44%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93