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
About this deal
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.
On the Map
$6,500,000
$1,625/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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93