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Acadia Realty Trust Acquires Retail Assets From Asana Partners In Brooklyn For $50 Million

Property Image
SOLD
$50,000,000
Ethan Stanton
Brendan Maddigan
Michael Mazzara

New York

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Retail22,250 SF
Sold 06/30/2025
the dealplayerscompscontact
Property Image
SOLD

Acadia Realty Trust Acquires Retail Assets From Asana Partners In Brooklyn For $50 Million

70 North 6th Street

See Similar Deals
Retail22,250 SF
Sold 06/30/2025
Ethan Stanton
Brendan Maddigan
Michael Mazzara
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$2,247
Total Square Footage:22,250 SF
Transaction Type:Sale

The retail asset located at 70 & 93 N 6th Street, Brooklyn, has been sold for a total of $50,000,000. The property encompasses a total square footage of 22,250, with a price per square foot of $2,247.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $50,000,000
  • Address: 70 & 93 N 6th Street
  • Market: Brooklyn
  • Square Footage: 22,250
  • Price per Square Foot: $2,247
  • Buyer: Acadia Realty Trust
  • Seller: Asana Partners
  • Brokers: Ethan Stanton, Brendan Maddigan & Michael Mazzara - JLL

Acadia Realty Trust acted as the buyer in this transaction, while Asana Partners served as the seller. The deal was facilitated by brokers Ethan Stanton, Brendan Maddigan, and Michael Mazzara from JLL, representing the buyer and seller throughout the negotiation process.

Players

Brendan Maddigan
JLL
Brendan Maddigan
126 deals$4.7B volume(508) 733-8445
BROKER
Ethan Stanton
JLL
Ethan Stanton
134 deals$6.2B volume(516) 790-7718
BROKER
Michael Mazzara
JLL
Michael Mazzara
112 deals$3.9B volume(212) 376-5450
BROKER
JLL
JLL
BROKERAGE
Acadia Realty Trust
Acadia Realty Trust
BUYER
Asana Partners
Asana Partners
SELLER

Details

SOLD
IMAGE: Brendan Maddigan, Ethan Stanton & Michael Mazzara DATE: 6/30/2025 ADDRESS: 70 & 93 N 6th Street MARKET: Brooklyn ASSET TYPE: Retail BUYER: Acadia Realty Trust (@AcadiaRealtyTrust) SELLER: Asana Partners (@AsanaPartners) BROKERS: Ethan Stanton, Brendan Maddigan & Michael Mazzara - JLL (@JLL) SALE PRICE: $50,000,000 SF: 22,250 ~ PPSF: $2,247

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$177,639.45
Cash-on-Cash Return-1.27%
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