Abe Altman Leases Retail Space To Tribeca Physical Therapy At 1 Jay Street For $100/SF
1 Jay Street
$100
$100/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Apr 23, 2026
About this deal
AI
The retail asset leased is located at 1 Jay Street in the TriBeCa market. The total leased space is 1,000 square feet. The asking rent for this property was $100 per square foot, and the lease type is categorized as a retail lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $100/ft
- Address: 1 Jay Street
- Market: TriBeCa
- Landlord: Abe Altman
- Tenant: Tribeca Physical Therapy
- Brokers: Isaac Cooper, Jack Hamadani & Freddy Souid - KSR
Isaac Cooper, Jack Hamadani, and Freddy Souid represented the deal on behalf of the landlord and tenant, facilitating the transaction between Abe Altman and Tribeca Physical Therapy. Their brokerage, KSR, played a crucial role in the leasing process.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93