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Stefano Secchi Of 12 East 12th LLC Acquires Retail Property From Marc Holliday For $5.9M
SOLD
$5,900,000
New York
See Similar DealsRetail4,500 SF
Sold 06/04/2026
SOLD
Stefano Secchi Of 12 East 12th LLC Acquires Retail Property From Marc Holliday For $5.9M
12 East 12th Street
See Similar DealsRetail4,500 SF
Sold 06/04/2026
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,311
Total Square Footage:4,500 SF
Transaction Type:Sale
Stefano Secchi has acquired a retail property located at 12 East 12th Street in Greenwich Village, Manhattan. The property encompasses a total of 4,500 square feet and was purchased for $5,900,000, resulting in a price per square foot of approximately $1,311.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,900,000
- Buyer: Stefano Secchi - 12 East 12th LLC
- Seller: Marc Holliday - SL Green
- Square Footage: 4,500 SF
- Price per Square Foot: $1,311
- Date of Transaction: June 4, 2026
- Market: Greenwich Village, Manhattan
In this transaction, Stefano Secchi represents 12 East 12th LLC, while the seller, Marc Holliday, represents SL Green in the deal. This acquisition signifies a notable movement in the retail market within this Manhattan neighborhood.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$314,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,961.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,969.01
Annual Debt Service$335,628.12
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