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33 West 33rd Street, New Yo...

Dim Sum Palace Signs Lease For 4th Manhattan Location In Herald Square
LEASEDRetail

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

Albert Manopla

Kassin Sabbagh Realty

Broker

$4.3M

vol

89 deals

Broker
Solil Management
Solil ManagementLandlord

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