UCB Leases Office Space At 113 University Place In Greenwich Village For $55/ft
113 University Place
$55
$55/SF
Building Size
6,500 SF
Asset Type
Office
Closing
Apr 26, 2026
About this deal
AI
The asset involved in this transaction is an office space located at 113 University Place in the Greenwich Village market. The office comprises 6,500 square feet and is under a modified gross lease agreement. The asking rent for this space is set at $55 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Asking rent of $55/ft
- Address: 113 University Place
- Market: Greenwich Village
- Landlord: Amalgamated Lithographers of America
- Tenant: UCB
- Brokers: Xavier Newton, Avery Reavill & Christopher Okada - Okada & Company
- Lease Type: Modified Gross Lease
The deal featured key individuals from Okada & Company, including brokers Xavier Newton, Avery Reavill, and Christopher Okada, who were instrumental in facilitating this lease arrangement between the landlord and tenant.
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