KFC Signs 10-Year Lease For Retail Space At 136 Delancey Street In Lower East Side
LEASED
$150
+ 3
New York
See Similar DealsRetail1,600 SF
Leased 11/13/2023
LEASED
KFC Signs 10-Year Lease For Retail Space At 136 Delancey Street In Lower East Side
136 Delancey Street
See Similar DealsRetail1,600 SF
Leased 11/13/2023
+ 3
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$150
Total Square Footage:1,600 SF
Transaction Type:Lease
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.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$275,133.10
Total Lease Value
$2,751,331.03
Net Landlord Cash Flow$275,133.10
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