Lava Ground Leases Retail Space At 4 St. Marks Pl. In East Village With Brokers James Famularo, John Roesch & Scott Klatsky
4 Saint Mark's Place, New York City
Building Size
3,000 SF
Asset Type
Retail
Closing
May 4, 2022
AI
Located at 4 St. Marks Pl. in the East Village, this retail property recently completed a lease transaction. The deal was facilitated by James Famularo and John Roesch from Meridian Retail Leasing, along with Scott Klatsky from Time Equities. The tenant, Lava Ground, successfully secured this space for their business.
Summary of transaction details
- Property Type: Retail
- Address: 4 St. Marks Pl.
- Market: East Village
- Tenant: Lava Ground
- Brokers: James Famularo - Meridian Retail Leasing, John Roesch - Meridian Retail Leasing, Scott Klatsky - Time Equities
- Asking Rent: $120/ft.
- SF: 3,000
The lease transaction for this retail property in the East Village was successfully negotiated by James Famularo and John Roesch from Meridian Retail Leasing, and Scott Klatsky from Time Equities. Lava Ground emerged as the tenant, seizing the opportunity to establish their presence at 4 St. Marks Pl.
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