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
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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