Mario Laufer's Carrot Express Leases 2,334-SF Retail Space At 1290 6th Avenue In Midtown Manhattan
1290 6th Avenue
Building Size
2,334 SF
Asset Type
Retail
Closing
Oct 2, 2025
AI
The property asset involved is a retail space located at 1290 6th Avenue in Midtown Manhattan. It encompasses 2,334 square feet and is part of the Vornado Realty Trust portfolio. The average asking rents for retail spaces in the Midtown market were recorded at $670 per square foot in Q2 2025.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 1290 6th Avenue
- Market: Midtown Manhattan
- Landlord: Steven Roth - Vornado Realty Trust
- Tenant: Mario Laufer - Carrot Express
The transaction involved brokers Steven Soutendijk, Patrick O’Rourke, Jason Greenstone, Taylor Reynolds, and Mike O’Neill from Cushman & Wakefield, as well as Jason Morrison from Vornado Realty Trust. Carrot Express has signed a lease for its fifth New York City location, with specific lease terms not being disclosed.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93