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
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