facebook
Traded Co logo
Submit

CRE8 Equities Acquires Retail Asset At 180 6th Avenue In SoHo For $7.3M

Property Image
SOLD
$7,300,000
Eric Michael Anton
Nelson Lee

New York

See Similar Deals
Retail14,072 SF
Sold 11/08/2024
the dealplayerscompscontact
Property Image
SOLD

CRE8 Equities Acquires Retail Asset At 180 6th Avenue In SoHo For $7.3M

180 6th Avenue

See Similar Deals
Retail14,072 SF
Sold 11/08/2024
Eric Michael Anton
Nelson Lee
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$518
Total Square Footage:14,072 SF
Transaction Type:Sale

The asset involved in this transaction is a retail property located at 180 6th Avenue in the SoHo market. The transaction was executed at a sale price of $7,300,000 for a total square footage of 14,072, resulting in a price per square foot of $518.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $7,300,000
  • Address: 180 6th Avenue
  • Market: SoHo
  • Square Footage: 14,072
  • Price Per Square Foot: $518
  • Buyer: CRE8 Equities
  • Seller: Quinlan Development Group
  • Buyer's Representatives: Sheng Zeng & Wayne Sun
  • Seller's Representatives: Eric Michael Anton & Nelson Lee - The Anton Group at Marcus & Millichap

CRE8 Equities, represented by Sheng Zeng and Wayne Sun, is actively pursuing similar or value-added deals in New York City. They encourage the forwarding of potential deals to [email protected].

Players

Nelson Lee
Marcus & Millichap
Nelson Lee
12 deals$507.6M volume(646) 805-1497
BROKER
Eric Michael Anton
Marcus & Millichap
Eric Michael Anton
11 deals$298.8M volume(212) 430-5209
BROKER

Details

SOLD
IMAGE: Sheng Zeng, Wayne Sun, Eric Michael Anton & Nelson Lee DATE: 11/08/2024 ADDRESS: 180 6th Avenue MARKET: SoHo ASSET TYPE: Retail BUYER: CRE8 Equities - Sheng Zeng (@Shengtastic) & Wayne Sun SELLER: Quinlan Development Group BROKERS: Eric Michael Anton & Nelson Lee - The Anton Group (@AntonGroupNYC) Marcus & Millichap SALE PRICE: $7,300,000 SF: 14,072 ~ PPSF: $518 NOTE FROM BUYER: CRE8 Equities is actively looking for similar or value-added deals in New York City, please forward the deal to [email protected].

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$389,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,935.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,605.72
Annual Debt Service$415,268.69