facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

113 University Place

Amalgamated Lithographers Union Leases 13,000 SF Office At 113 University Place To Resident Company Club
LEASEDOffice

Amalgamated Lithographers Union Leases 13,000 SF Office At 113 University Place To Resident Company Club

113 University Place

$55

$55/SF

Building Size

13,000 SF

Asset Type

Office

Closing

Mar 31, 2025

AI

113 University Place, located in the Greenwich Village market, is an office space that has been leased for 13,000 square feet. The asking rent for this property was set at $55 per square foot, and it falls under a Modified Gross Lease type.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $715,000
  • Address: 113 University Place
  • Landlord: Amalgamated Lithographers Union Local 1 - Patrick LoPresti
  • Tenant: Resident Company Club
  • Landlord's Representative: Avery Reavill, Christopher (Chris) Okada & Thomas Capuano - Okada & Company
  • Tenant's Representative: Kirill Azovtsev - Savills
  • Lease Date: 4/1/2025

The deal involved key brokers from Okada & Company, Avery Reavill, Thomas Capuano, and Christopher Okada, who represented the landlord, while Kirill Azovtsev from Savills represented the tenant. The transaction exemplifies collaboration between parties to secure a lease in a prime location.

Players

Christopher Okada

Okada & Company

Broker

$352.8M

vol

85 deals

Broker

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