Oh Dumpling & Franklin Sushi Lease Retail Space At 159 Franklin St. In Greenpoint
159 Franklin Street
$100
$100/SF
Building Size
2,400 SF
Asset Type
Retail
Closing
Aug 8, 2022
About this deal
AI
Located at 159 Franklin St. in Greenpoint, this retail space has recently been leased. The property spans 2,400 square feet and was listed for an asking rent of $100 per square foot.
Summary of transation details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 159 Franklin St.
- Market: Greenpoint
- Landlord: Dax Realty - Daniel Hedaya & Max Seibald
- Tenant: Oh Dumpling & Franklin Sushi
- Brokers: David Green, David Sabbagh & Ike Bibi - KSR
The lease deal was facilitated by brokers David Green, David Sabbagh, and Ike Bibi of KSR. They represented both the landlord, Dax Realty - Daniel Hedaya & Max Seibald, and the tenants, Oh Dumpling & Franklin Sushi.
On the Map
$100
$100/SF
Retail
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93