Delancey Finest Deli Corp Leases Retail Space At 166 Delancey Street In Lower East Side, Manhattan With Landlord's Rep John Roesch & Kyle Knapp - Meridian Capital Group And Tenant's Rep Albert Halawani - Kassin Sabbagh Realty
166 Delancey Street
$180
$180/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Sep 8, 2023
AI
A retail property located at 166 Delancey Street (Space A and B) in the Lower East Side of Manhattan has been leased. The property spans approximately 1,000 square feet and is owned by United American Land, represented by Jack Laboz. Delancey Finest Deli Corp is the tenant.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: N/A
- Asking Rent: $180 per square foot
- Lease Type: Modified Gross Lease
Meridian Capital Group, represented by John Roesch and Kyle Knapp, served as the landlord's representatives in the deal. Kassin Sabbagh Realty, represented by Albert Halawani, acted as the tenant's representative.
Players
Market 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
88127.78%
Cash-on-Cash
-25187.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93