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29 Greene Street

Neil Morton Acquires Retail Property At 29 Greene Street In SoHo Manhattan For $17.9M
SOLDRetail

Neil Morton Acquires Retail Property At 29 Greene Street In SoHo Manhattan For $17.9M

29 Greene Street

$17,900,000

$1,823/SF

Building Size

9,819 SF

Asset Type

Retail

Closing

Feb 9, 2026

AI

Neil Morton purchased a retail property located at 29 Greene Street in SoHo, Manhattan. The asset spans 9,819 square feet and was transacted for $17,900,000, translating to a price per square foot of $1,823. The sale was finalized on February 9, 2026, with Michiel Maes acting as the seller.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $17,900,000
  • Sale Date: February 9, 2026
  • Buyer: Neil Morton
  • Seller: Michiel Maes
  • Square Footage: 9,819
  • Price per Square Foot: $1,823
  • Address: 29 Greene Street
  • Market: SoHo, Manhattan

In this transaction, Michiel Maes served as the seller, while Neil Morton was the buyer, facilitating this real estate deal in the Manhattan market. Each party played a significant role in the transfer of the retail asset.

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

0.89%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93