Jordan Langer Represents Tenant In Lower East Side Retail Lease Deal
LEASED
$356
New York
See Similar DealsRetail640 SF
Leased 07/01/2024
LEASED
Jordan Langer Represents Tenant In Lower East Side Retail Lease Deal
164 Delancey Street
See Similar DealsRetail640 SF
Leased 07/01/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$356
Total Square Footage:640 SF
Transaction Type:Lease
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.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$261,193.03
Total Lease Value
$2,611,930.26
Net Landlord Cash Flow$261,193.03
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