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201 East 86th Street

NY Pilates Leases 8911 SF Retail Space At 201 East 86th Street From Nuveen Real Estate
LEASEDRetail

NY Pilates Leases 8911 SF Retail Space At 201 East 86th Street From Nuveen Real Estate

201 East 86th Street

$100

$100/SF

Building Size

8,911 SF

Asset Type

Retail

Closing

Mar 25, 2025

AI

The property asset involved in this transaction is a retail space located at 201 East 86th Street in New York City. The leased area encompasses a total of 8,911 square feet with a rental rate of $100 per square foot.

Summary of transaction details:

The deal includes representation by multiple brokers from Newmark, highlighting the involvement of Jason Pruger, Jason Stein, Michael Paster, Benjamin Birnbaum, and Ariel Schuster in facilitating the lease for the tenant NY Pilates from landlord Nuveen Real Estate.

Players

Michael Paster

Newmark

Broker

17 deals

Broker
Mike Sales

Mike Sales

Nuveen Real Estate

Landlord

$422.6M

vol

13 deals

Landlord

Brooklyn 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