facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Lease

/

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

Updated Oct 28, 2024

Music Studio Leases Retail Space At 6 St. Marks Place In East Village
LEASEDRetail

Music Studio Leases Retail Space At 6 St. Marks Place In East Village

6 Saint Mark's Place, New York City, New York 10003, United States

Building Size

5,000 SF

Asset Type

Retail

Closing

Mar 31, 2022

About this deal

AI

Located in the East Village at 6 St. Marks Place, this retail property has recently been leased. The transaction took place on April 1, 2022. Covering a total of 5,000 square feet, the space is ideal for a music studio. The leasing process was facilitated by John Roesch and Kevin Bisconti from Meridian Retail Leasing, who served as the tenant's representatives. On the landlord's side, Oxford Property Group provided representation.

Summary of transaction details

  • Property Type: Retail
  • Address: 6 St. Marks Place
  • Market: East Village
  • Tenant: Music Studio
  • Tenant's Rep: John Roesch & Kevin Bisconti - Meridian Retail Leasing
  • Landlord's Rep: Oxford Property Group
  • Asking Rent: $43/ft.
  • Square Footage: 5,000

The successful lease of this retail property was made possible by the efforts of John Roesch and Kevin Bisconti from Meridian Retail Leasing, who represented the tenant, a music studio. The landlord, Oxford Property Group, entrusted their property to this dynamic duo, ensuring a mutually-beneficial agreement for all parties involved.

Players

John Roesch

Meridian Capital Group

Broker

97 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Deal FAQ

Visit Kevin Bisconti to view all their deals.

Browse New York retail leases on Traded.

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

More Deals

Nearby Markets