Thor Equities Acquires Retail Property On 25 Mercer St In New York
SOLD
$22,800,000
New York
See Similar DealsRetail25,000 SF
SOLD
Thor Equities Acquires Retail Property On 25 Mercer St In New York
25 Mercer St, New York, NY, 10013
See Similar DealsRetail25,000 SF
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$912
Total Square Footage:25,000 SF
Transaction Type:Sale
The retail property located at 25 Mercer St, New York, NY, 10013, has been sold for $22,800,000.00. Spanning across 25,000 square feet, the asset was acquired by Thor Equities in the vibrant market of New York.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $22,800,000.00
- Address: 25 Mercer St, New York, NY, 10013
- Market: New York
The buyer's representative in this transaction was Yaron Jacobi from Premier Equities, who facilitated the acquisition on behalf of Thor Equities.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,216,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$81,003.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$108,083.63
Annual Debt Service$1,297,003.58
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