facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

113 University Place

Golden Group Leases Full-Floor Office At 113 University Place With Amalgamated Lithographers Union As Landlord
LEASEDOffice

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

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:

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%.

Players

Christopher Okada

Okada & Company

Broker

$352.8M

vol

85 deals

Broker
ABS Partners Real Estate
ABS Partners Real EstateBrokerage
Golden Group Real Estate
Golden Group Real EstateTenant

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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