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116 University Place

Hadi Saleh Purchases Retail Space In Greenwich Village For $2.2M With Seller's Representatives Maurice Suede, Eric Roth, Harry James & Christine Felling
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Hadi Saleh Purchases Retail Space In Greenwich Village For $2.2M With Seller's Representatives Maurice Suede, Eric Roth, Harry James & Christine Felling

116 University Place

$2,200,000

$968/SF

Building Size

2,271 SF

Asset Type

Retail

Closing

May 5, 2025

AI

The asset involved in this transaction is a retail property located at 116 University Place in the Greenwich Village market. The property was sold for $2,200,000, encompassing a total square footage of 2,271, resulting in a price per square foot of $968.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,200,000
  • Address: 116 University Place
  • Market: Greenwich Village
  • Square Footage: 2,271
  • Price Per Square Foot: $968
  • Buyer: Hadi Saleh
  • Seller's Representative: Maurice Suede, Eric Roth, Harry James & Christine Felling - Newmark
  • Buyer's Representative: Sung Cho

The transaction was facilitated by brokers Maurice Suede, Eric Roth, Harry James, and Christine Felling, who represented the seller, while Sung Cho represented the buyer. A notable aspect of this deal is the long-term lease to creditworthy tenant, Joe & The Juice. For similar opportunities, interested parties can contact Maurice Suede at (212) 916-2932.

Players

Maurice Suede

Newmark

Broker

$929.6M

vol

57 deals

Broker
Newmark
NewmarkBrokerage

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93