Conbud Leases Retail Space At 85 Delancey Street In Lower East Side
85 Delancey St New York, NY 10002, USA
$200
$200/SF
Building Size
2,450 SF
Asset Type
Retail
Closing
Jun 8, 2023
About this deal
AI
The retail property located at 85 Delancey Street in the Lower East Side has been leased. The tenant, Conbud, has signed a lease agreement with landlord Baruch Singer. The property spans 2,450 square feet and the asking rent was $200 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Lease
- Date: 06/08/2023
- Address: 85 Delancey Street
- Market: Lower East Side
Maddy Soffer, Carolina Aziz, and Ike Bibi from KSR represented the landlord, Baruch Singer, while Greg Tannor and Jessica Gerstein served as the tenant's representatives. The lease between the landlord and tenant was successfully negotiated.
On the Map
$200
$200/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
79315.00%
Cash-on-Cash
-22668.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93