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
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