Shara Asla Leases 2,000 SF Retail Space On Southern Boulevard In Longwood, Bronx
1023 Southern Boulevard
$75
$75/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Oct 31, 2023
About this deal
AI
The retail property located at 1023 Southern Boulevard in the Longwood neighborhood of Bronx has been leased. The property spans across 2,000 square feet and was leased under a Modified Gross Lease agreement. The landlord, Sol Vista, entered into the lease with the tenant, Shara Asla. The lease was facilitated by Joey Kafif from Safdie Realty Group. The asking rent for the property was $75 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 1023 Southern Boulevard
- Market: Longwood, Bronx
Joey Kafif, representing Safdie Realty Group, played a crucial role in this lease transaction as the broker for both the landlord and the tenant. Safdie Realty Group is a reputable agency that specializes in representing landlords and tenants in various boroughs of New York City. For any inquiries related to leasing out vacant spaces or finding new commercial spaces, you can contact Joey Kafif at [email protected].
Players
Bronx 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
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93