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164 Delancey Street

Jordan Langer Represents Tenant In Lower East Side Retail Lease Deal
LEASEDRetail

Jordan Langer Represents Tenant In Lower East Side Retail Lease Deal

164 Delancey Street

$356

$356/SF

Building Size

640 SF

Asset Type

Retail

Closing

Jul 1, 2024

AI

The asset involved in this transaction is a retail space located at 164 Delancey Street in the Lower East Side market. The asking rent for this property is $356 per square foot, and it encompasses an area of 640 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $356/ft
  • Square Footage: 640
  • Address: 164 Delancey Street
  • Market: Lower East Side
  • Landlord: J & M Realty Services
  • Landlord's Representative: Jordan Raphan - KSR
  • Tenant: Delancey St Food LLC
  • Tenant's Representative: Jordan Langer - Meridian Capital Group
  • Lease Type: Retail Lease

This transaction features key representatives including Behrooz Hedvat as the landlord and both Jordan Raphan from KSR and Jordan Langer from Meridian Capital Group representing the landlord and tenant, respectively.

Players

Jordan Raphan

Kassin Sabbagh Realty

Broker

40 deals

Broker

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

44558.99%

Cash-on-Cash

-12735.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93