Emporium Leases Retail Space At 95 University Place In Greenwich Village For $100/ft
95 University Place
$100
$100/SF
Building Size
7,500 SF
Asset Type
Retail
Closing
Feb 1, 2024
About this deal
AI
The retail property located at 95 University Place in Greenwich Village/Union Square has been leased in a transaction involving the landlord, Thomas Campenni, and the tenant, Emporium. The lease was facilitated by broker Conrad Bradford from KSR. The retail space spans 7,500 square feet with an asking rent of $100 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 95 University Place
- Market: Greenwich Village/Union Square
- Landlord: Thomas Campenni
- Tenant: Emporium
- Broker: Conrad Bradford - KSR
- Asking Rent: $100/ft
- Square Footage: 7,500
- Lease Type: Retail Lease
Conrad Bradford from KSR played a pivotal role in representing the parties involved in the lease agreement, showcasing his expertise in negotiating retail leases. The agreement marks a significant milestone for both the landlord, Thomas Campenni, and the tenant, Emporium, as they embark on a new chapter in this prime retail space within Greenwich Village/Union Square.
On the Map
$100
$100/SF
Retail
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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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93