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95 University Place

Emporium Leases Retail Space At 95 University Place In Greenwich Village For $100/ft
LEASEDRetail

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

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.

Players

Conrad Bradford

Kassin Sabbagh Realty

Broker

3 deals

Broker

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