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211 1st Avenue

Abraham Sanieoff Leases Retail Space To Dravida At 211 1st Avenue In East Village
LEASEDRetail

Abraham Sanieoff Leases Retail Space To Dravida At 211 1st Avenue In East Village

211 1st Avenue

$170

$170/SF

Building Size

1,200 SF

Asset Type

Retail

Closing

Jun 22, 2025

AI

The property involved in this transaction is a retail asset located at 211 1st Avenue in the East Village, Manhattan. The lease type is a Modified Gross Lease, with an asking rent of $150 per square foot for a total area of 3,200 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $150/ft
  • Square Footage: 3,200 SF
  • Address: 211 1st Avenue
  • Market: East Village, Manhattan
  • Landlord: Abraham Sanieoff
  • Tenant: Dravida
  • Landlord's Representative: Greg Goldberg - Meridian Capital Group
  • Tenant's Representative: Josh Sarraf - ARA

This lease transaction was facilitated by Greg Goldberg, who represents the landlord, Abraham Sanieoff, and Josh Sarraf, representing the tenant, Dravida. The engagement of these representatives underscores the professional collaboration in securing this retail space for the tenant.

Players

Greg Goldberg

Meridian Capital Group

Broker

$4.3M

vol

71 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

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

93311.76%

Cash-on-Cash

-26668.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93