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201 East 86th Street

Robbie Bent's Othership Leases 14,000 Square Feet At Nuveen's 201 East 86th Street
LEASEDRetail

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

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.

Players

Michael Paster

Newmark

Broker

17 deals

Broker
Nuveen
NuveenLandlord

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