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
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