Teriyaki R US Leases Retail Space At 378 East 149th Street In South Bronx, Landlord's Rep Solomon Sharaby - KSR, Tenant's Rep Meyer Saff - Retail Zone
378 East 149th Street
$125
$125/SF
Building Size
3,600 SF
Asset Type
—
Closing
Feb 1, 2024
AI
The retail space located at 378 East 149th Street in the South Bronx has been leased. The property spans 3,000 square feet and was leased by Teriyaki R US. The lease was facilitated by Solomon Sharaby from KSR, representing the landlord, Jem Realty, owned by Alan Jemal and Steve Jemal. The asking rent for the space was $125 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Lease
- Address: 378 East 149th Street
- Market: South Bronx
- Tenant: Teriyaki R US
- Landlord: Jem Realty - Alan Jemal & Steve Jemal
- Landlord's Representative: Solomon Sharaby - KSR
- Asking Rent: $125/ft
- Square Footage: 3,000
- Lease Type: Retail Lease
Solomon Sharaby from KSR represented Jem Realty as the landlord's agent in this lease agreement. Meanwhile, Teriyaki R US enlisted the services of Meyer Saff from Retail Zone as their representative. This transaction signifies an agreement between the two parties for the retail space at 378 East 149th Street in the South Bronx.
Players
Bronx CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93