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
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