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22 Saint Marks Place

Molly's Coffee House Signs Retail Lease With Landlord John Ilibassi At 22 Saint Marks Place
LEASEDRetail

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

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

Noam Aziz

Meridian Capital Group

Broker

$900K

vol

231 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

John Ilibassi

Landlord

$21.3M

vol

5 deals

Landlord

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