Carlos Suarez Of Rosemary's Acquires Retail Space At 18 Greenwich Avenue For $9.25M
SOLD
$9,250,000
New York
See Similar DealsRetail4,320 SF
Sold 02/14/2025
SOLD
Carlos Suarez Of Rosemary's Acquires Retail Space At 18 Greenwich Avenue For $9.25M
18 Greenwich Avenue
See Similar DealsRetail4,320 SF
Sold 02/14/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$2,141
Total Square Footage:4,320 SF
Transaction Type:Sale
The retail property located at 18 Greenwich Avenue in the West Village market was sold for $9,250,000. The asset comprises 4,320 square feet, resulting in a price per square foot of $2,141.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,250,000
- Square Footage: 4,320
- Price Per Square Foot: $2,141
- Buyer: Carlos Suarez - Rosemary's
- Seller: Duell Management
- Seller's Representatives: Daniel Kaplan & Justin Arzi - CBRE
- Transaction Date: 02/14/2025
Key individuals involved in this transaction include the buyer, Carlos Suarez, who represents Rosemary's, and the seller's representatives, Daniel Kaplan and Justin Arzi from CBRE. Their collaboration facilitated the negotiation and finalization of the sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$493,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,863.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,849.72
Annual Debt Service$526,196.63
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