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
Market 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
99143.75%
Cash-on-Cash
-28335.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93