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1267 1st Avenue

Zaxby's Signs 10-Year Lease For Retail Space At 1267 1st Avenue In Upper East Side
LEASEDRetail

Zaxby's Signs 10-Year Lease For Retail Space At 1267 1st Avenue In Upper East Side

1267 1st Avenue

Building Size

3,600 SF

Asset Type

Retail

Closing

Feb 10, 2026

AI

The retail asset is located at 1267 1st Avenue in the Upper East Side, consisting of 3,600 sq. ft. This property is characterized as a retail space and is part of a transaction involving a long-term lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 1267 1st Avenue
  • Market: Upper East Side
  • Landlord: Debar Realty
  • Tenant: Bernard Acoca - Zaxby
  • Landlord's Representative: Joseph Isa & Louis Franco - Isa Realty Group
  • Tenant's Representative: Sam Martorella & Andrew Mandell - Ripco
  • Lease Duration: 10 years
  • Square Footage: 3,600 sq. ft.

This transaction sees Zaxby’s entering the New York City market, with plans to open its first location in the city this summer, demonstrating an expansion of the brand's footprint in a new geographic area.

Players

Louis Franco

Isa Realty Group

Broker

$10.5M

vol

9 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93