SL Green Realty Sells Retail Property On 121 Greene Street In New York City For $14M
121 Greene Street
$14,000,000
$1,944/SF
Building Size
7,200 SF
Asset Type
Retail
Closing
Feb 15, 2023
About this deal
AI
A retail property located at 121 Greene Street in New York City has been sold for a total price of $14,000,000. The property spans approximately 7,200 square feet, resulting in a price per square foot of $1,944. The transaction took place on February 15, 2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $14,000,000
- Address: 121 Greene Street
- Market: New York City
- Tenant: Warby Parker & Proenza Schouler
The seller of the retail property was SL Green Realty. The deal was facilitated by brokers Daniel Kaplan and Justin Arzi of CBRE. They represented both the seller and the buyer in the transaction. Warby Parker and Proenza Schouler are the tenants of the property.
Players
Market 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93