Golden Group Leases Full-Floor Office At 113 University Place With Amalgamated Lithographers Union As Landlord
113 University Place
$55
$55/SF
Building Size
6,500 SF
Asset Type
Office
Closing
Aug 31, 2025
About this deal
AI
The property asset involved in this transaction is an office lease located at 113 University Place in the Greenwich Village market. The property encompasses a total of 6,500 square feet. The lease is classified as a Modified Gross Lease with an asking rent of $55 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $55/ft
- Address: 113 University Place
- Market: Greenwich Village
- Square Footage: 6,500
- Landlord: Patrick LoPresti - Amalgamated Lithographers Union Local 1
- Tenant: Golden Group
- Landlord's Representative: Avery Reavill, Thomas Capuano, Xavier Newton & Christopher Okada - Okada & Company
- Tenant's Representative: Ben Waller, Daria Ghasemi & Zoe Snow - ABS Partners Real Estate
This lease transaction involves key representatives from both sides, showcasing a strong collaboration. The ABS team successfully secured their client a full-floor office, while Okada & Company demonstrates their ongoing success in leasing, driving the building's occupancy to over 90%.
On the Map
$55
$55/SF
Office
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Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
288418.18%
Cash-on-Cash
-82430.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93