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Acadia Realty Trust Acquires Retail Space At 92 Greene Street For $44 Million

Property Image
SOLD
$44,000,000
Ariel Schuster
Brett Siegel
Evan Layne
+ 1

New York

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Retail7,904 SF
Sold 10/21/2024
the dealplayerscompscontact
Property Image
SOLD

Acadia Realty Trust Acquires Retail Space At 92 Greene Street For $44 Million

92 Greene Street

See Similar Deals
Retail7,904 SF
Sold 10/21/2024
Ariel Schuster
Brett Siegel
Evan Layne
+ 1
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$5,566
Total Square Footage:7,904 SF
Transaction Type:Sale

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.

Players

Brett Siegel
Newmark
Brett Siegel
75 deals$6.4B volume(212) 372-0798
BROKER
Evan Layne
Newmark
Evan Layne
33 deals$4.5B volume(212) 372-2390
BROKER
Adam Spies
Newmark
Adam Spies
263 deals$71.8B volume(212) 841-7500
BROKER
Ariel Schuster
Newmark
Ariel Schuster
27 deals$461.2M volume
BROKER

Details

SOLD
IMAGE: Ariel Schuster, Evan Layne, Adam Spies, Brett Siegel, Ken Bernstein, Jane Gol & Sarah Lynch DATE: 10/21/2024 ADDRESS: 92 Greene Street MARKET: Soho ASSET TYPE: Retail BUYER: Acadia Realty Trust - Sarah Lynch SELLER: Continental Ventures - Jan Gol BROKERS: Brett Siegel (@BSieges), Evan Layne (@EvanLayne), Ariel Schuster & Adam Spies - Newmark (@Newmark) SALE PRICE: $44,000,000 SF: 7,904 ~ PPSF: $5,566

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$156,322.70
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