Elliot Markowitz Leases Retail Space To Energy Flow Spa At 249 East Houston Street
249 East Houston Street
$73
$73/SF
Building Size
800 SF
Asset Type
Retail
Closing
Aug 31, 2026
About this deal
AI
The retail asset located at 249 East Houston Street in the Lower East Side has a square footage of 800 square feet. It has entered into a modified gross lease agreement with an asking rent of $73 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $73/ft
- Square Footage: 800 SF
- Lease Type: Modified Gross Lease
- Landlord: Elliot Markowitz
- Tenant: Energy Flow Spa
- Brokers: Ben Biberaj & Brandt Lewis - IPRG Retail Leasing
- Date: 08/31/2026
Ben Biberaj and Brandt Lewis represented IPRG Retail Leasing in this transaction, facilitating the lease agreement between the landlord and tenant. The deal highlights their involvement in securing this retail space for Energy Flow Spa under the management of Elliot Markowitz.
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
217301.37%
Cash-on-Cash
-62105.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93