Eran Noy Leases Retail Space At 212 East 14th Street To Spear Physical Therapy
212 East 14th Street
$218
$218/SF
Building Size
2,200 SF
Asset Type
Retail
Closing
Mar 24, 2025
About this deal
AI
The property asset involved in this transaction is located at 212 East 14th Street in the Union Square market. It is a retail asset comprising a total square footage of 2,200 SF. The asking rent for this lease is set at $218 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $218/ft
- Address: 212 East 14th Street
- Market: Union Square
- Lease Type: Retail Lease
- Landlord: Eran Noy
- Tenant: Spear Physical Therapy
- Landlord's Rep: Freddy Souid, Jack Khaski & Albert Manopla - KSR
- Tenant's Rep: Evan Clements & Austin Knief - Atlantic Retail
This lease transaction features key representatives from both sides. The landlord's representation was managed by Freddy Souid, Jack Khaski, and Albert Manopla from KSR, while the tenant was represented by Evan Clements and Austin Knief from Atlantic Retail.
On the Map
$218
$218/SF
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
72766.06%
Cash-on-Cash
-20796.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93