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Acadia Realty Trust Acquires Retail Asset At 95, 97 & 107 N 6th Street For $60M

Property Image
SOLD
$60,000,000

New York

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Retail21,150 SF
Sold 04/11/2025
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Property Image
SOLD

Acadia Realty Trust Acquires Retail Asset At 95, 97 & 107 N 6th Street For $60M

95 North 6th Street

See Similar Deals
Retail21,150 SF
Sold 04/11/2025
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$2,836
Total Square Footage:21,150 SF
Transaction Type:Sale

The property assets involved in this transaction are located at 95, 97 & 107 N 6th Street in Brooklyn. This retail property was sold for a total price of $60,000,000 and has a total area of 13,600 square feet, translating to a price per square foot of $4,412.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $60,000,000
  • Address: 95, 97 & 107 N 6th Street
  • Market: Brooklyn
  • Square Footage: 13,600
  • Price per Square Foot: $4,412
  • Buyer: Acadia Realty Trust
  • Seller: City Urban Realty
  • Brokers: Brendan Maddigan, Ethan Stanton & Michael Mazzara - JLL

The transaction was facilitated by the brokerage team of Brendan Maddigan, Ethan Stanton, and Michael Mazzara from JLL, representing both the buyer, Acadia Realty Trust, and the seller, City Urban Realty.

Players

Brendan Maddigan
125 deals$4.7B volume(508) 733-8445
BROKER

Ethan Stanton
JLL
134 deals$6.2B volume(516) 790-7718
BROKER

Michael Mazzara
JLL
111 deals$3.9B volume(212) 376-5450
BROKER

Acadia Realty Trust
BUYER

Details

SOLD
IMAGE: Michael Alvandi, Ethan Stanton, Brendan Maddigan & Michael Mazzara DATE: 04/11/2025 ADDRESS: 95, 97 & 107 N 6th Street MARKET: Brooklyn ASSET TYPE: Retail BUYER: Acadia Realty Trust (@AcadiaRealtyTrust) SELLER: City Urban Realty BROKERS: Brendan Maddigan, Ethan Stanton & Michael Mazzara - JLL (@JLL) SALE PRICE: $60,000,000 SF: 13,600 ~ PPSF: $4,412

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,199,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$213,167.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$284,430.61
Annual Debt Service$3,413,167.33