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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

Property Image
SOLD
$2,200,000
Maurice Suede
Eric Roth
+ 1

New York

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Retail2,271 SF
Sold 05/05/2025
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Property Image
SOLD

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

See Similar Deals
Retail2,271 SF
Sold 05/05/2025
Maurice Suede
Eric Roth
+ 1
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$968
Total Square Footage:2,271 SF
Transaction Type:Sale

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
57 deals$929.6M volume(212) 589-5131
BROKER

Eric Roth
Newmark
61 deals$1.5B volume(212) 655-0625
BROKER

Harry James
Newmark
24 deals$315.3M volume
BROKER

Christine Felling
Newmark
6 deals$45.7M volume(212) 655-0678
BROKER

Newmark
BROKERAGE

Details

SOLD
IMAGE: Maurice Suede, Eric Roth, Harry James & Christine Felling DATE: 5/6/2025 ADDRESS: 116 University Place MARKET: Greenwich Village ASSET TYPE: Retail BUYER: Hadi Saleh SELLER'S REP: Maurice Suede, Eric Roth (@EricMRoth), Harry James (@HBeldonJ2) & Christine Felling (@CFells13) - Newmark (@Newmark) BUYER'S REP: Sung Cho SALE PRICE: $2,200,000 SF: 2,271 ~ PPSF: $968 NOTE FROM BROKER: Long-term lease to creditworthy tenant, Joe & The Juice. Similar opportunities available. Call Maurice Suede (212) 916-2932.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$117,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47