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134 Delancey Street

Pizza Hut Leases Retail Space At 134 Delancey Street In Lower East Side
LEASEDMultiFamily

Pizza Hut Leases Retail Space At 134 Delancey Street In Lower East Side

134 Delancey Street

$130

$130/SF

Building Size

1,200 SF

Asset Type

MultiFamily

Closing

Sep 20, 2023

AI

The property involved in this transaction is a retail space located at 134 Delancey Street in the Lower East Side. The asset type is retail and the total square footage of the space is 1,200 square feet. The lease type is a triple net lease, with an asking rent of $130 per square foot.

Summary of transaction details

In this lease transaction, the landlord, Eddie Mizrachi represented by Bawabeh Brothers, leased the retail space to Pizza Hut. The deal was facilitated by brokers Josh Augenbaum of Augenbaum Realty, and Bruce Herman and Noam Fox of Booth Street.

Players

Josh Augenbaum

Augenbaum Realty

Broker

$652.8M

vol

140 deals

Broker
Eddie Mizrachi

Eddie Mizrachi

Landlord

24 deals

Landlord
Pizza Hut
Pizza HutTenant

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

122023.08%

Cash-on-Cash

-34874.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93