Ambrose Cheung Leases Retail Space At 174 Delancey Street To A Taste Of Seafood For $120/ft
174 Delancey Street
$120
$120/SF
Building Size
600 SF
Asset Type
Retail
Closing
Sep 1, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 174 Delancey Street in New York. The lease agreement comprises a single net lease type with an asking rent of $120 per square foot for a total area of 600 square feet.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $120/ft
- Square Footage: 600
- Address: 174 Delancey Street
- Market: New York
- Landlord: Ambrose Cheung
- Tenant: A Taste of Seafood
- Landlord's Representative: Kyle Fink & James Famularo - Meridian Capital Group
- Tenant's Representative: Justin DiGiulio & Michel Batista - DiGiulio
- Lease Type: Single Net Lease
Key individuals involved in the deal include landlord Ambrose Cheung and tenant A Taste of Seafood. The landlord is represented by Kyle Fink and James Famularo from Meridian Capital Group, while the tenant is represented by Justin DiGiulio and Michel Batista from DiGiulio.
On the Map
$120
$120/SF
Retail
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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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93