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1290 6th Avenue

Mario Laufer's Carrot Express Leases 2,334-SF Retail Space At 1290 6th Avenue In Midtown Manhattan
LEASEDRetail

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

Steven Soutendijk

Cushman & Wakefield

Broker

10 deals

Broker
Vornado Realty Trust
Vornado Realty TrustBrokerage
Steven Roth

Steven Roth

Vornado Realty Trust

Landlord

$4.4B

vol

45 deals

Landlord
Vornado Realty Trust
Vornado Realty TrustLandlord

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