Stefano Secchi Of 12 East 12th LLC Acquires Retail Property From Marc Holliday For $5.9M
12 East 12th Street
$5,900,000
$1,311/SF
Building Size
4,500 SF
Asset Type
Retail
Closing
Jun 4, 2026
AI
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.
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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93