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1 Jay Street

Abe Altman Leases Retail Space To Tribeca Physical Therapy At 1 Jay Street For $100/SF
LEASEDRetail

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

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:

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

Jack Hamadani

Kassin Sabbagh Realty

Broker

46 deals

Broker

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