CRE8 Equities Acquires Retail Asset At 180 6th Avenue In SoHo For $7.3M
180 6th Avenue
$7,300,000
$518/SF
Building Size
14,072 SF
Asset Type
Retail
Closing
Nov 8, 2024
About this deal
AI
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].
On the Map
$7,300,000
$518/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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93