Weed World Leases Retail Space At 4 St. Marks Place In East Village
4 Saint Marks Place
Building Size
3,000 SF
Asset Type
Retail
Closing
Oct 25, 2021
About this deal
AI
Located in the vibrant East Village market, the retail property at 4 St. Marks Place recently closed a lease transaction. The deal was facilitated by brokers from Time Equities and Meridian Retail Leasing, representing the tenant Weed World.
Summary of transation details
- Property Type: Retail
- Transaction Date: 10/25/2021
- Address: 4 St. Marks Place
- Market: East Village
- Tenant: Weed World
- Brokers: Scott Klatsky & Scott Schneidman - Time Equities, John Roesch & James Famularo - Meridian Retail Leasing
- Asking Rent: $120/ft.
- Square Footage: 3,000
The lease transaction, involving Weed World as the tenant, was successfully closed with the assistance of Scott Klatsky and Scott Schneidman from Time Equities, and John Roesch and James Famularo from Meridian Retail Leasing. The property's prime location on St. Marks Place in the East Village market makes it an attractive space for Weed World's retail operations.
Players
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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