SOLDRetail
David Berg Of Infinity Real Estate & Steven J. Kassin Of KB Realty Partners Acquire Retail Condo For $11.75M
75 Kenmare Street
$11,750,000
$1,175/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Jul 20, 2026
AI
The retail property asset, located at 75 Kenmare Street in Nolita, was sold for $11,750,000. This 10,000-square-foot retail condo is fully leased to tenants including Undefeated, Nemesis Coffee, Bondi Sushi, and M Jewelers.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,750,000
- Square Footage: 10,000
- Price Per Square Foot: $1,175
- Buyer: David Berg - Infinity Real Estate
- Buyer: Steven J. Kassin - KB Realty Partners
- Seller: First Atlantic Realty
- Broker: Masonre
This transaction involves David Berg and Steven J. Kassin, who are expanding their investments within the SoHo/Nolita retail market through this acquisition. The brokerage firm representing the deal is Masonre.
Players
New York 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
1.35%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93