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136 Delancey Street

KFC Signs 10-Year Lease For Retail Space At 136 Delancey Street In Lower East Side
LEASEDRetail

KFC Signs 10-Year Lease For Retail Space At 136 Delancey Street In Lower East Side

136 Delancey Street

$150

$150/SF

Building Size

1,600 SF

Asset Type

Retail

Closing

Nov 13, 2023

AI

The retail property located at 136 Delancey Street in the Lower East Side neighborhood of Manhattan has been leased. The tenant for this space is KFC, known for their popular fast-food offerings. The lease, which is a Modified Gross Lease, has a term of 10 years.

Summary of transaction details:

  • Property Type: Retail
  • Asking Rent: $150 per square foot
  • Square Footage: 1,600
  • Lease Term: 10 years
  • Address: 136 Delancey Street, Lower East Side, Manhattan
  • Market: Lower East Side, Manhattan

The landlord for this property is Eddie Mizrachi and Soly A. Bawabeh. Representing the landlord is Josh Augenbaum from Augenbaum Realty. KFC is represented by Albert Manopla, Gary Lowitt, and Jack Khaski from KSR.

Players

Albert Manopla

Kassin Sabbagh Realty

Broker

$4.3M

vol

83 deals

Broker
Eddie Mizrachi

Eddie Mizrachi

Landlord

24 deals

Landlord
K
KFCTenant

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