Jamal Obaid Deli Leases Retail Space At 1224 Clay Ave In The Bronx With Meridian Capital Group As Brokers
1224 Clay Ave, The Bronx, NY 10456, USA
Building Size
550 SF
Asset Type
Retail
Closing
Sep 20, 2020
About this deal
AI
The retail property located at 1224 Clay Ave in the Bronx was recently leased. The lease was facilitated by brokers James Famularo and Gabe Icikson from Meridian Capital Group. The lease agreement was signed on 9/21/2020.
Summary of transaction details:
- Property Type: Retail
- Address: 1224 Clay Ave, Bronx
- Market: Bronx
- Tenant: Jamal Obaid Deli
- Brokers: James Famularo & Gabe Icikson - Meridian Capital Group
The leasing transaction involved a retail property with a size of approximately 550 square feet. The asking rent for the property was $98 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