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10 East 22nd Street

ZZ Med Spa Leases 2,125 Square Feet At 10 East 22nd Street In Flatiron District
LEASEDMixed-use

ZZ Med Spa Leases 2,125 Square Feet At 10 East 22nd Street In Flatiron District

10 East 22nd Street

$24,000

$24,000/SF

Building Size

1,950 SF

Asset Type

Mixed-use

Closing

Jun 12, 2026

AI

This mixed-use asset located at 10 East 22nd Street in the Flatiron District features a space of 2,125 square feet. The lease was executed at an asking rent of $131 per square foot, under a modified gross lease structure with a term of 10 years.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: $131/ft
  • Square Footage: 2,125
  • Lease Term: 10 years
  • Lease Type: Modified Gross Lease
  • Landlord: V Marks - Victor Williams
  • Tenant: ZZ Med Spa - Gary Oberoi
  • Landlord's Representative: Neil Zaken - Compass
  • Brokers: Kevin Loh - Compass, Kaci Kaplan - Compass

The deal was facilitated by brokers Kevin Loh and Kaci Kaplan from Compass, highlighting a successful effort led by Neil Zaken who represented the landlord. Their collective efforts resulted in securing a fully executed lease in less than 30 days, demonstrating effective strategic marketing, negotiation, and execution within the commercial leasing market.

Players

Neil Zaken

Compass

Broker

$31.1M

vol

6 deals

Broker

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

660.96%

Cash-on-Cash

-188.90%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93