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112 East 4th Street

Laverie Laundromat Leases Retail Space At 112 East 4th Street In East Village For $80/ft
LEASEDRetail

Laverie Laundromat Leases Retail Space At 112 East 4th Street In East Village For $80/ft

112 East 4th Street

$80

$80/SF

Building Size

2,300 SF

Asset Type

Retail

Closing

Sep 4, 2025

AI

This retail property, located at 112 East 4th Street in the East Village, Manhattan, spans 2,300 square feet and is leased under a Modified Gross Lease arrangement. The asking rent for the property is set at $80 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $80/ft
  • Square Footage: 2,300
  • Address: 112 East 4th Street
  • Market: East Village, Manhattan
  • Landlord: Steven Austern
  • Tenant: Laverie Laundromat
  • Landlord's Representative: James Famularo & Jacob Mayer - Meridian Capital Group
  • Tenant's Representative: Nick Hanna - Meridian Capital Group

The deal involved key individuals including landlord Steven Austern and tenant Laverie Laundromat, with representation from Meridian Capital Group through James Famularo and Jacob Mayer for the landlord, and Nick Hanna for the tenant.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

362 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

198287.50%

Cash-on-Cash

-56671.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93