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131 133 Prince St

Acadia Realty Trust Acquires Retail Property From Lou Meisel For $50M In New York
SOLDRetail

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:

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

Robert Khodadadian

Skyline Properties

Broker

$1.1B

vol

30 deals

Broker
Acadia Realty Trust
Acadia Realty TrustBuyer

Lou Meisel

Seller
Seller

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