Dim Sum Palace Signs Lease For 4th Manhattan Location In Herald Square
33 West 33rd Street, New York, NY 10001
Building Size
2,200 SF
Asset Type
Retail
Closing
Nov 20, 2018
AI
DIM SUM PALACE has signed a lease for their fourth location in Manhattan. The property, located at 33 West 33rd Street in Herald Square, has a size of 2,200 square feet. The lease was facilitated by brokers David Green and Albert Manopla from Kassin Sabbagh Realty. The asking rent for the space was $150 per square foot.
Summary of transaction details
- Property Type: Lease
- Date: 11/21/2018
- Address: 33 West 33rd Street
- Market: Herald Square
- Tenant: Dim Sum Palace
- Landlord: Solil Management
- Brokers: David Green & Albert Manopla from Kassin Sabbagh Realty
- Asking Rent: $150/ft.
- Square Footage: 2,200
For any site submissions or inquiries about the lease, interested parties can contact exclusive broker David Green at [email protected]. Dim Sum Palace's expansion into this new location demonstrates their continued growth and success in the Manhattan market.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93