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75 Kenmare Street

David Berg Of Infinity Real Estate & Steven J. Kassin Of KB Realty Partners Acquire Retail Condo For $11.75M
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

David Berg

Infinity Real Estate

Broker

$11.8M

vol

1 deal

Broker
Masonre
MasonreBrokerage
Steven J. Kassin

Steven J. Kassin

KB Realty Partners

Buyer

$164.8M

vol

9 deals

Buyer

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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