Acadia Realty Trust Acquires Retail Property From Lou Meisel For $50M In New York
SOLD
$50,000,000
New York
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SOLD
Acadia Realty Trust Acquires Retail Property From Lou Meisel For $50M In New York
131 133 Prince St
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Sold
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,666,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$177,639.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$237,025.51
Annual Debt Service$2,844,306.11
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