facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

All

/

Lease

/

378 East 149th Street

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
LEASED

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

Solomon Sharaby

Kassin Sabbagh Realty

Broker

$3M

vol

101 deals

Broker

Bronx CRE Market Snapshot

Boundary boundary · CRE · Lease transactions

Loading comparables…

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