Acadia Realty Trust Acquires Retail Space At 92 Greene Street For $44 Million
92 Greene Street
$44,000,000
$5,566/SF
Building Size
7,904 SF
Asset Type
Retail
Closing
Oct 21, 2024
About this deal
AI
The property asset involved in this transaction is a retail space located at 92 Greene Street in the Soho market. The sale price of the asset was $44,000,000, with a total area of 7,904 square feet, resulting in a price per square foot of $5,566.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $44,000,000
- Square Footage: 7,904
- Price per Square Foot: $5,566
- Buyer: Acadia Realty Trust - Sarah Lynch
- Seller: Continental Ventures - Jan Gol
- Brokers: Brett Siegel, Evan Layne, Ariel Schuster & Adam Spies - Newmark
- Date of Transaction: 10/21/2024
- Address: 92 Greene Street
The individuals involved in the deal include Sarah Lynch representing Acadia Realty Trust as the buyer and Jan Gol representing Continental Ventures as the seller. The brokerage team from Newmark facilitated the transaction with Brett Siegel, Evan Layne, Ariel Schuster, and Adam Spies being the representatives.
On the Map
$44,000,000
$5,566/SF
Retail
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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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93