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166 Delancey Street

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
LEASEDRetail

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

Albert Halawani

Kassin Sabbagh Realty

Broker

$445M

vol

49 deals

Broker
Jack Laboz

Jack Laboz

United American Land

Landlord

4 deals

Landlord

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