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
About this deal
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
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