Cushman & Wakefield Represents Seller In $6.5M Retail Sale At 111 Mercer Street, Soho
111 Mercer Street
$6,500,000
$3,026/SF
Building Size
2,148 SF
Asset Type
Retail
Closing
May 21, 2025
AI
The property asset involved in the transaction is a retail space located at 111 Mercer Street in the Soho market. The total sale price for this asset was $6,500,000, which translates to a square footage of 2,148 with a price per square foot of $3,026.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,500,000
- Address: 111 Mercer Street
- Market: Soho
- Square Footage: 2,148
- Price per Square Foot: $3,026
- Seller's Representatives: Bobby Carrozzo, Hunter Moss, Michael Gembecki, Robert Burton, and Evan Lush - Cushman & Wakefield
The deal involved several key individuals representing the seller, demonstrating a broad collaboration within the brokerage team at Cushman & Wakefield. The named representatives played a significant role in finalizing the sale of the retail space, reflecting their expertise and commitment to the transaction process.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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