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
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