Jack Laboz Leases Retail Space To Skin Design Tattoo Soho At 26 Mercer Street In SoHo
26 Mercer Street
$384,000
$384,000/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Jun 8, 2025
AI
The property asset involved in this transaction is a retail space located at 26 Mercer Street in the SoHo market of Manhattan. The lease term is set for 5 years under a modified gross lease, with an asking rent of $192 per square foot for a total area of 2,000 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $192/ft
- Lease Term: 5 Years
- Lease Type: Modified Gross Lease
- Landlord: Jack Laboz
- Tenant: Skin Design Tattoo Soho
- Broker: Joe Robinson - Voro Real Estate
This transaction highlights the involvement of key individuals, including Jack Laboz as the landlord and Joe Robinson from Voro Real Estate representing the deal. The tenant for this property is Skin Design Tattoo Soho.
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
41.31%
Cash-on-Cash
-11.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93