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
About this deal
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.
On the Map
$150
$150/SF
Retail
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Players
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