S Won Provisions Supermarket Leases Retail Space In Bronx For $80/ft
1046 Southern Blvd, The Bronx, NY, USA
Building Size
4,000 SF
Asset Type
Retail
Closing
Dec 3, 2020
About this deal
AI
The lease of a retail property at 1046 Southern Blvd in Bronx has been successfully completed. The asset, spanning 4,000 square feet, was leased to S Won Provisions Supermarket. The property is owned by MLM partners LLC, Eddie Mizrachi, and Soly A. Bawabeh. The lease transaction was facilitated by Josh Augenbaum of Augenbaum Realty NY. The asking rent for the property was $80 per square foot.
Summary of transaction details:
- Property Type: Retail
- Address: 1046 Southern Blvd, Bronx
- Tenant: S Won Provisions Supermarket
- Landlord: MLM partners LLC, Eddie Mizrachi, and Soly A. Bawabeh
- Broker: Josh Augenbaum - Augenbaum Realty NY
- Asking Rent: $80/ft.
- Square Footage: 4,000
This successful lease transaction showcases the collaboration between the tenant, S Won Provisions Supermarket, and the property owner, MLM partners LLC, Eddie Mizrachi, and Soly A. Bawabeh. The deal was facilitated by broker Josh Augenbaum from Augenbaum Realty NY. The lease highlights the attractiveness of the property's location in Bronx, making it an ideal space for a retail establishment like S Won Provisions Supermarket.
Players
New York 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93