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.
On the Map
$72
$72/SF
Retail
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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
220319.44%
Cash-on-Cash
-62967.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93