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
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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