Pizza Hut Leases Retail Space At 1048 Ogden Avenue In Highbridge, Bronx With Brokers Michelle Abramov & Joseph Mastov
1048 Ogden Avenue, Bronx, NY 10452
Building Size
1,141 SF
Asset Type
Retail
Closing
Jun 1, 2020
About this deal
AI
A retail property located at 1048 Ogden Avenue in Highbridge, Bronx has been leased. The property covers an area of 1,141 square feet and was leased on June 1, 2021.
Summary of transaction details
- Property Type: Retail
- Address: 1048 Ogden Avenue
- Market: Highbridge, Bronx
- Tenant: PizzaHut
- Landlord: Muhammad Imran
- Brokers: Michelle Abramov & Joseph Mastov (ssetCRG)
- Asking Rent: $63/ft.
The leasing transaction was facilitated by Michelle Abramov and Joseph Mastov from ssetCRG. PizzaHut will be occupying the retail space under the landlord, Muhammad Imran. The leasing terms include an asking rent of $63 per square foot.
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Retail
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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