Acadia Realty Trust Acquires Retail Property From Lou Meisel For $50M In New York
131 133 Prince St
$50,000,000
Building Size
—
Asset Type
Retail
Closing
Aug 31, 2014
AI
The property asset involved in this transaction is located at 131 133 Prince St, New York. It is classified as a retail asset. The transaction was finalized on August 31, 2014, for a total price of $50,000,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $50,000,000.00
- Buyer: Acadia Realty Trust
- Seller: Lou Meisel
- Brokers: Robert Khodadadian - Skyline Properties
This transaction highlights the involvement of Acadia Realty Trust as the buyer and Lou Meisel as the seller. The deal was facilitated by broker Robert Khodadadian from Skyline Properties, who represented the interests of the seller in this transaction.
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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93