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2783 Broadway New York, NY ...

Silverline Realty Group Secures 15-Year Lease For Multifamily Property In Upper West Side With Nan Xiang Soup Dumpling
LEASEDMultiFamily

Silverline Realty Group Secures 15-Year Lease For Multifamily Property In Upper West Side With Nan Xiang Soup Dumpling

2783 Broadway New York, NY 10025, USA

$160

$160/SF

Building Size

1,400 SF

Asset Type

MultiFamily

Closing

Aug 24, 2023

AI

The property involved in this lease transaction is a multifamily asset located at 2783 Broadway in the Upper West Side of Manhattan. The property spans approximately 1,400 square feet and is owned by Chris Deangelis. The tenant, Nan Xiang Soup Dumpling, has entered into a lease agreement with a term of 15 years. The asking rent for the space is $160 per square foot.

Summary of transaction details

  • Property Type: Multifamily
  • Address: 2783 Broadway
  • Market: Upper West Side, Manhattan
  • Landlord: Chris Deangelis
  • Tenant: Nan Xiang Soup Dumpling
  • Asking Rent: $160/ft
  • Lease Term: 15 Years

In brokering this lease deal, Jack Mosseri, representing Silverline Realty Group, served as the broker. Jack Mosseri facilitated the negotiation process between the landlord, Chris Deangelis, and the tenant, Nan Xiang Soup Dumpling, to finalize the lease agreement.

Players

Jack Mosseri

Silverline Realty Group

Broker

5 deals

Broker
Chris DeAngelis

Chris DeAngelis

TriArch Real Estate Group

Landlord

$37.7M

vol

8 deals

Landlord
ND
Nan Xiang Soup DumplingTenant

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

99143.75%

Cash-on-Cash

-28335.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93