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
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