Asana Partners Sells Retail Asset At 66, 70 & 93 North 6th Street In Brooklyn For $64M
SOLD
$64,000,000
New York
See Similar DealsRetail33,542 SF
Sold
SOLD
Asana Partners Sells Retail Asset At 66, 70 & 93 North 6th Street In Brooklyn For $64M
66 North 6th Street
See Similar DealsRetail33,542 SF
Sold
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,908
Total Square Footage:33,542 SF
Transaction Type:Sale
The retail asset located at 66, 70 & 93 North 6th Street in Brooklyn has been sold for a total price of $64,000,000. The property spans 33,542 square feet, resulting in a price per square foot of $1,908.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $64,000,000
- Square Footage: 33,542
- Price per Square Foot: $1,908
- Seller: Asana Partners
- Brokers: Ethan Stanton, Brendan Maddigan & Michael Mazzara - JLL
- Transaction Date: 12/12/2025
- Market: Brooklyn
The brokers representing the seller in this transaction were Ethan Stanton, Brendan Maddigan, and Michael Mazzara from JLL, contributing their expertise to facilitate the deal.
Players
BROKERAGE
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,413,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$227,378.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$303,392.65
Annual Debt Service$3,640,711.82
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