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18 Greenwich Avenue

Carlos Suarez Of Rosemary's Acquires Retail Space At 18 Greenwich Avenue For $9.25M
SOLDRetail

Carlos Suarez Of Rosemary's Acquires Retail Space At 18 Greenwich Avenue For $9.25M

18 Greenwich Avenue

$9,250,000

$2,141/SF

Building Size

4,320 SF

Asset Type

Retail

Closing

Feb 14, 2025

AI

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.

Players

Justin Arzi

CBRE

Broker

$1.2B

vol

38 deals

Broker

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

1.71%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93