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515 East 12th Street

George Giannopoulos And Jeff Znaty Lease Mixed-Use Space To Lerivez Coffee In Manhattan
LEASEDMixed-use

George Giannopoulos And Jeff Znaty Lease Mixed-Use Space To Lerivez Coffee In Manhattan

515 East 12th Street

$156

$156/SF

Building Size

500 SF

Asset Type

Mixed-use

Closing

May 7, 2026

AI

This mixed-use property is located at 515 East 12th Street in the Manhattan market. The lease type is a Modified Gross Lease, with an asking rent of $156 per square foot for a total area of 500 square feet.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: $78,000
  • Address: 515 East 12th Street
  • Market: Manhattan
  • Landlord: George Giannopoulos & Jeff Znaty
  • Tenant: Lerivez Coffee
  • Landlord's Rep: Josh Augenbaum - Augenbaum Realty
  • Tenant's Rep: Tyler Zar & John Blalock - Titan Group New York

The transaction features representation from Josh Augenbaum for the landlord side and Tyler Zar and John Blalock for the tenant side. The tenant, Lerivez Coffee, is set to open a new coffee shop in the East Village, highlighting the collaborative effort in facilitating the deal.

Players

Josh Augenbaum

Augenbaum Realty

Broker

$652.8M

vol

140 deals

Broker
Titan Group New York
Titan Group New YorkBrokerage
George Giannopoulos

George Giannopoulos

Augenbaum Realty

Landlord

$76.2M

vol

16 deals

Landlord
Augenbaum Realty
Augenbaum RealtyLandlord

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

101685.90%

Cash-on-Cash

-29062.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93