Acadia Realty Trust Acquires Retail Asset At 95, 97 & 107 N 6th Street For $60M
SOLD
New York
See Similar DealsRetail21,150 SF
Sold 04/11/2025
SOLD
Acadia Realty Trust Acquires Retail Asset At 95, 97 & 107 N 6th Street For $60M
95 North 6th Street
See Similar DealsRetail21,150 SF
Sold 04/11/2025
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
BUYER
SELLER
Details
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Deal Type
30 years
10 years
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
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