Leor Sabet Leases 4,900 Square Feet To Amaryllis House Of Beauty In Gramercy Park
325 East 14th Street
$90
$90/SF
Building Size
4,900 SF
Asset Type
MultiFamily
Closing
Jul 1, 2026
AI
The property asset involved in this transaction is a MultiFamily space located at 325 East 14th Street in the Gramercy Park market. The modified gross lease was executed at an asking rent of $90 per square foot for a total size of 4,900 square feet.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $90/ft
- Address: 325 East 14th Street
- Market: Gramercy Park
- Lease Type: Modified Gross Lease
- Landlord: Leor Sabet
- Tenant: Amaryllis House of Beauty
- Landlord's Representative: Andrew Stern & Ravi Idnani - Newmark
- Tenant's Representative: Isaac Abed - Momentum Realty Group
Key individuals and companies involved in this transaction include Leor Sabet as the landlord and Amaryllis House of Beauty as the tenant. The representatives for the landlord are Andrew Stern and Ravi Idnani from Newmark, while Isaac Abed from Momentum Realty Group represents the tenant.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
176255.56%
Cash-on-Cash
-50374.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93