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1046 Southern Blvd, The Bro...

Updated Oct 29, 2024

S Won Provisions Supermarket Leases Retail Space In Bronx For $80/ft
LEASEDRetail

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

Josh Augenbaum

Augenbaum Realty

Broker

$655M

vol

148 deals

Broker
Eddie Mizrachi

Eddie Mizrachi

Landlord

24 deals

Landlord

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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

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