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
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