Joe Jemal Leases Retail Space To Luxe Jewelers At 138 East Fordham Road Bronx
138 East Fordham Road
$150
$150/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Jun 29, 2026
AI
The property asset involved in this transaction is a retail space located at 138 East Fordham Road in the Bronx. The asking rent for the lease is $150 per square foot for a total area of 1,200 square feet. This lease is classified as a Retail Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $150/ft
- Address: 138 East Fordham Road
- Market: Bronx
- Landlord: Joe Jemal
- Tenant: Luxe Jewelers
- Brokers: David Sabbagh, Solomon Sharaby & Ezra Falack - KSR
- Lease Type: Retail Lease
The deal was facilitated by the brokerage KSR, represented by David Sabbagh, Solomon Sharaby, and Ezra Falack, who played a key role in securing the lease agreement for Luxe Jewelers with landlord Joe Jemal.
Players
Market 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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93