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1057 Hoe Avenue

House Of Wings Signs Lease For Retail Space At 1057 Hoe Avenue Bronx With Scott Morgan As Landlord
LEASEDRetail

House Of Wings Signs Lease For Retail Space At 1057 Hoe Avenue Bronx With Scott Morgan As Landlord

1057 Hoe Avenue

$81

$81/SF

Building Size

1,100 SF

Asset Type

Retail

Closing

Nov 11, 2025

AI

The property involved in this transaction is a retail space located at 1057 Hoe Avenue in the Bronx. The asset has a total square footage of 1,100 and is leased under a Single Net Lease agreement at an asking rent of $81 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $81/ft
  • Address: 1057 Hoe Avenue
  • Market: Bronx
  • Lease Type: Single Net Lease
  • Landlord: Scott Morgan - The Morgan Group
  • Tenant: House of Wings
  • Brokers: Noam Aziz & Ariel Ilian - Meridian Capital Group
  • Square Footage: 1,100

The transaction was facilitated by the brokerage team of Noam Aziz and Ariel Ilian from Meridian Capital Group, representing both the landlord, Scott Morgan of The Morgan Group, and the tenant, House of Wings, in this leasing agreement.

Players

Noam Aziz

Meridian Capital Group

Broker

$900K

vol

231 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage
Scott Morgan

Scott Morgan

The Morgan Group

Landlord

$58.8M

vol

7 deals

Landlord

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

195839.51%

Cash-on-Cash

-55971.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93