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50 Spring Street

Michael Sherman Of Baseline Real Estate Advisors Represents Sale Of Retail Asset For $9.49M In Nolita
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Michael Sherman Of Baseline Real Estate Advisors Represents Sale Of Retail Asset For $9.49M In Nolita

50 Spring Street

$9,490,000

$1,966/SF

Building Size

4,825 SF

Asset Type

Retail

Closing

Apr 16, 2026

AI

The asset involved in this transaction is a retail property located at 50 Spring Street in the Nolita market of New York. The sale price for the property was $9,490,000, with a total square footage of 4,825 and a price per square foot of $1,966.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $9,490,000
  • Square Footage: 4,825
  • Price per Square Foot: $1,966
  • Address: 50 Spring Street
  • Market: Nolita New York
  • Broker: Michael Sherman - Baseline Real Estate Advisors

This transaction was handled by broker Michael Sherman, representing the seller through Baseline Real Estate Advisors. The involvement of this brokerage was key in facilitating the details of the sale.

Players

Ivan Hakimian

HPNY

Broker

$132.6M

vol

8 deals

Broker

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

1.67%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93