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19 Greenwich Avenue

Kelly Conrad Leases Retail Space To Arvine At 19 Greenwich Avenue With Tenant's Rep Dan Lahmi & Jeremie Lahmi
LEASEDRetail

Kelly Conrad Leases Retail Space To Arvine At 19 Greenwich Avenue With Tenant's Rep Dan Lahmi & Jeremie Lahmi

19 Greenwich Avenue

$250

$250/SF

Building Size

1,200 SF

Asset Type

Retail

Closing

Jun 1, 2025

AI

The property involved in this lease transaction is located at 19 Greenwich Avenue in the West Village market. It is a retail asset with a lease term of 10 years under a modified gross lease structure. The asking rent for the space, which encompasses 1,200 square feet, is $250 per foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $250/ft
  • Square Footage: 1,200
  • Address: 19 Greenwich Avenue
  • Market: West Village
  • Lease Term: 10 Years
  • Lease Type: Modified Gross Lease
  • Landlord: Kelly Conrad
  • Tenant: Arvine
  • Tenant's Representative: Dan Lahmi & Jeremie Lahmi - Sutton Square Group

This lease transaction features key individuals such as landlord Kelly Conrad and tenant Arvine. The tenant is represented by brokers Dan Lahmi and Jeremie Lahmi from Sutton Square Group, highlighting the professional involvement in this closed deal.

Players

Dan Lahmi

Sutton Square Group

Broker

2 deals

Broker
Sutton Square Group
Sutton Square GroupBrokerage

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

63452.00%

Cash-on-Cash

-18134.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93