Acadia Realty Trust Acquires Retail Asset At 95, 97 & 107 N 6th Street For $60M
95 North 6th Street
$60,000,000
$2,836/SF
Building Size
21,150 SF
Asset Type
Retail
Closing
Apr 11, 2025
About this deal
AI
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
Brooklyn 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
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93