Robbie Bent's Othership Leases 14,000 Square Feet At Nuveen's 201 East 86th Street
201 East 86th Street
Building Size
14,000 SF
Asset Type
Retail
Closing
Dec 3, 2025
About this deal
AI
The property asset involved in the transaction is a retail space located at 201 East 86th Street in Williamsburg, Brooklyn. This lease encompasses a total square footage of 14,000, featuring a "social spa" as its centerpiece. The transaction reflects the expansion of Othership, marking their largest NYC location to date.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 201 East 86th Street
- Market: Williamsburg, Brooklyn
- Asset Size: 14,000 square feet
- Lease Term: 10 years
- Landlord: Nuveen
- Tenant: Robbie Bent - Othership
- Landlord's Representative: Michael Paster & Benjamin Birnbaum - Newmark
- Tenant's Representative: Cassie Durand & Aylin Gucalp - CBRE
This transaction highlights key individuals and firms involved in the deal, including landlord representatives Michael Paster and Benjamin Birnbaum from Newmark, while tenant representatives Cassie Durand and Aylin Gucalp from CBRE played a significant role on behalf of Othership in this expansion effort.
On the Map
Retail
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93