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37 Greene St, New York, NY ...

Acadia Realty Trust Acquires Soho Retail Asset For $15.4M
SOLDRetail

Acadia Realty Trust Acquires Soho Retail Asset For $15.4M

37 Greene St, New York, NY 10013, USA

$15,400,000

$460/SF

Building Size

33,430 SF

Asset Type

Retail

Closing

Jan 8, 2020

AI

Acadia Realty Trust has acquired a retail property in Soho for $15,400,000. Located at 37 Greene Street, the property spans 3,343 square feet, resulting in a price per square foot of $4,609. The transaction involved the sale of the property by Thor Equities and Premier Equities.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $15,400,000
  • Address: 37 Greene Street
  • Market: Soho
  • Square Footage: 3,343
  • Price per Square Foot: $4,609

The deal was facilitated by Brian Segall and George Martinecz from Newmark Knight Frank, who represented the buyer and seller, respectively.

Players

Brian Segall

Newmark

Broker

$175.2M

vol

14 deals

Broker
Acadia Realty Trust
Acadia Realty TrustBrokerage
Acadia Realty Trust
Acadia Realty TrustBuyer
Thor Equities
Thor EquitiesSeller

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

1.03%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93