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212 East 14th Street

Eran Noy Leases Retail Space At 212 East 14th Street To Spear Physical Therapy
LEASEDRetail

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

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:

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.

Players

Albert Manopla

Kassin Sabbagh Realty

Broker

$4.3M

vol

87 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

72766.06%

Cash-on-Cash

-20796.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93