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325 East 14th Street

Leor Sabet Leases 4,900 Square Feet To Amaryllis House Of Beauty In Gramercy Park
LEASEDMultiFamily

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

Andrew Stern

Newmark

Broker

$5.4M

vol

80 deals

Broker

Leor Sabet

Landlord

$54.5M

vol

9 deals

Landlord
AB
Amaryllis House of BeautyTenant

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Lease transactions

Loading comparables…

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