Sorgente Group Of America Sells SoHo Retail Condo For $7M
32 Greene Street
$7,000,000
$1,224/SF
Building Size
5,715 SF
Asset Type
Retail
Closing
Jun 1, 2023
About this deal
AI
A retail condo in SoHo, Manhattan has been sold for $7,000,000. The property, located at 32 Greene Street, spans a total of 5,715 square feet with a price per square foot of $1,225. The seller of the retail condo was the Sorgente Group of America, represented by Marek Jednorowski.
Summary of transation details
- Property Type: Retail Condo
- Transaction Amount: $7,000,000
- Address: 32 Greene Street, SoHo, Manhattan
- Square Footage: 5,715
- Price Per Square Foot: $1,225
- Seller: Sorgente Group of America
- Seller's Representative: Marek Jednorowski
Marek Jednorowski, representing the Sorgente Group of America, played a key role in the transaction. The specifics of the buyer and any other relevant details were not provided.
Players
Market 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93