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1023 Southern Boulevard

Updated Dec 4, 2024

Shara Asla Leases 2,000 SF Retail Space On Southern Boulevard In Longwood, Bronx
LEASEDRetail

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

Joey Kafif

Safdie Realty Group

Broker

31 deals

Broker

Bronx Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $75 per square foot on a published $75 for 2,000 square feet (2023).

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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

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