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4 Saint Marks Place

Updated Aug 7, 2025

Rick Serrapica Leases Retail Space To Chi Chicken At 4 Saint Marks Place In East Village
LEASEDRetail

Rick Serrapica Leases Retail Space To Chi Chicken At 4 Saint Marks Place In East Village

4 Saint Marks Place

$72

$72/SF

Building Size

2,500 SF

Asset Type

Retail

Closing

Jul 23, 2025

About this deal

AI

The property asset involved in this transaction is a retail space located at 4 Saint Marks Place in the East Village of Manhattan. The lease has an asking rent of $72 per square foot, covering a total area of 2,500 square feet. The lease type is categorized as a Modified Gross Lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $72/ft
  • Square Footage: 2,500
  • Address: 4 Saint Marks Place
  • Market: East Village, Manhattan
  • Landlord: Rick Serrapica - Liberty Place Property Management
  • Tenant: Chi Chicken
  • Landlord's Representative: John Roesch - Meridian Capital Group
  • Tenant's Representative: Yvonne Zhu

Key individuals involved in the deal include Rick Serrapica, the landlord from Liberty Place Property Management, and Chi Chicken, the tenant. Representing the landlord is John Roesch from Meridian Capital Group, while Yvonne Zhu serves as the representative for the tenant.

Players

John Roesch

Meridian Capital Group

Broker

97 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $72 per square foot on a published $72 for 2,500 square feet (2025).

Visit Yvonne Zhu to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

220319.44%

Cash-on-Cash

-62967.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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