Shahriar Davaran pays $3M to Morris Tuchman for office in NoMad

Shahriar Davaran through the entity Osher Enterprises LLC paid $3 million to Morris Tuchman through the entity 134 Lexington LLC for the two-unit office building (O9) at 134 Lexington Avenue in NoMad, Manhattan.
The deal closed on April 24, 2025 and was recorded on April 30, 2025. The property has 3,982 square feet of built space and 3,960 square feet of additional air rights for a total buildable of 7,946 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $753 and the price per buildable square foot is $377 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Morris Tuchman was attorney Judah Weiss . The signatory for Shahriar Davaran was Shahriar Davaran. The contract date was April 7, 2025.

Tuchman, who is an attorney, bought the property in 1985 for $890,000.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Shahriar Davaran had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Morris Tuchman had not purchased any other properties and had not sold any properties over the same time period.

The property

The office building with 2 residential units in NoMad has 3,982 square feet of built space and 3,960 square feet of additional air rights for a total buildable of 7,946 square feet according to a PincusCo analysis of city data. The parcel has frontage of 16 feet and is 81 feet deep with a total lot size of 1,320 square feet. The zoning is C6-2A which allows for up to 6 times floor area ratio (FAR) for commercial and up to 6.02 times FAR for residential with inclusionary housing. The city-designated market value for the property in 2022 is $1 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received one DOB violation and $1,600 in OATH penalties in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The neighborhood

In NoMad, The majority, or 66 percent of the 13 million square feet of commercial built space are office buildings, with hotel buildings next occupying 15 percent of the space. In sales, NoMad has 1.2 times the average sales volume among other neighborhoods with $312.3 million in sales volume in the last two years and is the 25th highest in Manhattan. For development, NoMad has 2 times the average amount of major developments relative to other neighborhoods and is the 18th highest in Manhattan. It had 2.4 million square feet of commercial and multi-family construction under development in the last two years, which represents 18 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of 18 of the 27 commercial properties representing 415,269 square feet of the 463,378 square feet. The largest owner is Elad Group, followed by Zucker Organization and then Spectra Construction And Development.
On the tax block, there were three new building construction projects totaling 102,971 square feet. The largest is a six-unit, 37,911 square-foot hotel/dormitory/shelter (R-1) building submitted by Skyland Management and filed by Daniel Dabakaroff with plans filed July 10, 2018 and it has not been permitted yet. The second largest is a 56-unit, 33,667 square-foot residential (R-2) building submitted by Skyland Management and filed by Daniel Dabakaroff with plans filed August 8, 2018 and it has not been permitted yet.

The majority, or 37 percent of the 463,378 square feet of built space are elevator buildings, with office buildings next occupying 35 percent of the space.

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