E Houston Pilates Leases Retail Space At 280 East Houston Street From Samy Mahfar
280 East Houston Street
Building Size
2,349 SF
Asset Type
Retail
Closing
Jan 29, 2026
About this deal
AI
The retail asset located at 280 East Houston Street in the East Village has a total square footage of 2,349. The property is under a Single Net Lease with an asking rent of $130 per square foot.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $130/ft
- Address: 280 East Houston Street
- Market: East Village
- Asset Type: Retail
- Landlord: Samy Mahfar - SMA Equities
- Tenant: E Houston Pilates
- Landlord's Representative: Noam Aziz, Carson Shahrabani & Max Freudenberger - Meridian Capital Group
- Lease Type: Single Net Lease
Key individuals involved in this transaction include the landlord, Samy Mahfar from SMA Equities, who is leasing the property to E Houston Pilates. The landlord's representation was provided by Noam Aziz, Carson Shahrabani, and Max Freudenberger of Meridian Capital Group, facilitating the lease agreement.
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
122023.08%
Cash-on-Cash
-34874.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93