Thor Equities Acquires Retail Property On 25 Mercer St In New York
25 Mercer St, New York, NY, 10013
$22,800,000
$912/SF
Building Size
25,000 SF
Asset Type
Retail
Closing
Nov 22, 2023
AI
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.
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
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93