Jack Imir Jaan Leases Retail Space To ZZH HIHI Studio At 304 5th Avenue In Midtown South
304 5th Avenue
$60
$60/SF
Building Size
3,100 SF
Asset Type
Retail
Closing
Oct 2, 2025
AI
The retail asset located at 304 5th Avenue in Midtown South, Manhattan features a total square footage of 3,100. The landlord of the property is Jack Imir Jaan, while the tenant is ZZH HIHI Studio. The lease type for this transaction is classified as a retail lease with an asking rent of $60 per foot.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $60/ft
- Square Footage: 3,100
- Address: 304 5th Avenue
- Market: Midtown South, Manhattan
- Landlord: Jack Imir Jaan
- Tenant: ZZH HIHI Studio
- Brokers: Noam Aziz, Carson Shahrabani, & Nathan Shabot - Meridian Capital Group
The deal involved key brokers representing the transaction: Noam Aziz, Carson Shahrabani, and Nathan Shabot, all from Meridian Capital Group. These individuals played a crucial role in facilitating the leasing agreement between the landlord and tenant.
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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93