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
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