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164 1st Avenue

Zaab Zaab Leases Mixed-Use Space At 164 1st Avenue East Village For 10 Years
LEASEDMixed-use

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

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.

Players

Avi Akiva

Momentum Realty Group

Broker

$18M

vol

41 deals

Broker
Silverline Realty Group
Silverline Realty GroupBrokerage
Davean Holdings
Davean HoldingsLandlord

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