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159 Franklin Street

Oh Dumpling & Franklin Sushi Lease Retail Space At 159 Franklin St. In Greenpoint
LEASEDRetail

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

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.

Players

David Sabbagh

Kassin Sabbagh Realty

Broker

60 deals

Broker
Daniel Hedaya

Daniel Hedaya

DAX Real Estate

Landlord

$79.7M

vol

15 deals

Landlord

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

158630.00%

Cash-on-Cash

-45336.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93