Nan Xiang Soup Dumpling Signs 10-Year Lease At 167 Grand St, Williamsburg
167 Grand Street
$140
$140/SF
Building Size
1,600 SF
Asset Type
Mixed-use
Closing
Jan 24, 2023
About this deal
AI
The mixed-use property located at 167 Grand Street in Williamsburg has been leased. The transaction was completed on .
Summary of transaction details:
- Property Type: Mixed-Use
- Address: 167 Grand Street
- Market: Williamsburg
- Landlord: Charlie Alter
- Tenant: Nan Xiang Soup Dumpling
- Landlord's Representative: Donald Lai - Corcoran Group
- Tenant's Representative: Jack S. Mosseri - Silverline Realty Group
- Asking Rent: $140/ft
- Square Footage: 1,600
- Lease Term: 10 Years
Donald Lai from Corcoran Group represented the landlord, Charlie Alter, in the lease deal. Jack S. Mosseri from Silverline Realty Group acted as the tenant's representative, negotiating on behalf of Nan Xiang Soup Dumpling.
On the Map
$140
$140/SF
Mixed-use
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Players
Williamsburg Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
113307.14%
Cash-on-Cash
-32383.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93