Joel Sharf Leases Mixed-Use Space To Calaveritas Tacos For 10 Years At 916 Southern Boulevard
916 Southern Boulevard
$60
$60/SF
Building Size
3,500 SF
Asset Type
Mixed-use
Closing
Mar 31, 2026
AI
The asset involved is a mixed-use property located at 916 Southern Boulevard in the Bronx. The lease term is set for 10 years under a modified gross lease. The asking rent is $60 per square foot for a total of 3,500 square feet.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $60/ft
- Address: 916 Southern Boulevard
- Market: Bronx
- Lease Term: 10 years
- Lease Type: Modified Gross Lease
- Landlord: Joel Sharf
- Tenant: Calaveritas Tacos
- Landlord's Representative: Zack Setton - Momentum Realty Group
- Tenant's Representative: Youri Jean Pierre - Momentum Realty Group
The deal was represented by Zack Setton from Momentum Realty Group on behalf of the landlord and by Youri Jean Pierre from Momentum Realty Group on behalf of the tenant. Both representatives played integral roles in facilitating the transaction.
Players
Bronx Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93