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4 Saint Mark's Place, New Y...

Lava Ground Leases Retail Space At 4 St. Marks Pl. In East Village With Brokers James Famularo, John Roesch & Scott Klatsky
LEASEDRetail

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

John Roesch

Meridian Capital Group

Broker

97 deals

Broker

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