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123 William Street

Dim Sum Palace Group Leases Retail Space At 123 William Street In Financial District
LEASEDRetail

Dim Sum Palace Group Leases Retail Space At 123 William Street In Financial District

123 William Street

$150

$150/SF

Building Size

3,400 SF

Asset Type

Retail

Closing

Aug 18, 2022

AI

The leased retail property located at 123 William Street in the Financial District has been transacted. The tenant, Dim Sum Palace Group, has entered into a lease agreement with the landlord, AR Global. The deal was facilitated by brokers David Green and Ike Bibi from KSR. The property offers approximately 3,400 square feet of space.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 123 William Street
  • Market: Financial District

David Green and Ike Bibi from KSR played a crucial role as the brokers representing both the tenant and landlord in the lease transaction of the retail property at 123 William Street. They helped facilitate the agreement between Dim Sum Palace Group and AR Global. The lease was finalized for an asking rent of $150 per square foot, with the property offering 3,400 square feet of space.

Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

126 deals

Broker
AG
AR GlobalLandlord

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

105753.33%

Cash-on-Cash

-30224.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93