Zaab Zaab Leases Mixed-Use Space At 164 1st Avenue East Village For 10 Years
164 1st Avenue
$200
$200/SF
Building Size
1,300 SF
Asset Type
Mixed-use
Closing
May 9, 2026
About this deal
AI
The mixed-use property located at 164 1st Avenue in the East Village has been leased at a rate of $200 per square foot for a space measuring 1,300 square feet. This transaction is structured as a modified gross lease with a term of 10 years.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $200/ft
- Square Footage: 1,300
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
- Landlord: Davean Holdings
- Tenant: Zaab Zaab
- Landlord's Rep: Isaac Abed & Avi Akiva - Momentum Realty Group
- Tenant's Rep: Solomon Sason - Silverline Realty Group
Key individuals involved in this lease transaction include Isaac Abed and Avi Akiva representing the landlord, Davean Holdings, through Momentum Realty Group, while Solomon Sason serves as the representative for the tenant, Zaab Zaab, under Silverline Realty Group.
On the Map
$200
$200/SF
Mixed-use
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Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
79315.00%
Cash-on-Cash
-22668.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93