facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Sale

/

111 Mercer Street

Cushman & Wakefield Represents Seller In $6.5M Retail Sale At 111 Mercer Street, Soho
SOLDRetail

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

Michael Gembecki

Cushman & Wakefield

Broker

$449.8M

vol

35 deals

Broker

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