Molly's Coffee House Signs Retail Lease With Landlord John Ilibassi At 22 Saint Marks Place
22 Saint Marks Place
$255
$255/SF
Building Size
400 SF
Asset Type
Retail
Closing
Dec 2, 2025
About this deal
AI
The property asset involved in this transaction is a retail lease located at 22 Saint Marks Place in the Ukrainian Village market. The asking rent for this retail space is $255 per square foot, with a total area of 400 square feet.
Summary of transaction details:
- Property Type: Retail Lease
- Transaction Amount: $255/ft
- Address: 22 Saint Marks Place
- Market: Ukrainian Village
- Landlord: John Ilibassi
- Tenant: Molly's Coffee House
- Brokers: Noam Aziz & Carson Shahrabani - Meridian Capital Group
- Lease Type: Retail Lease
The deal involves John Ilibassi as the landlord and Molly's Coffee House as the tenant. Noam Aziz and Carson Shahrabani from Meridian Capital Group are the brokers representing the landlord in this lease transaction.
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
62207.84%
Cash-on-Cash
-17779.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93