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1780 E Gun Hill Rd, Bronx, ...

Urban Edge Properties Leases 7500 Square Feet To La Casa Del Mofongo In Bronx
LEASEDRetail

Urban Edge Properties Leases 7500 Square Feet To La Casa Del Mofongo In Bronx

1780 E Gun Hill Rd, Bronx, NY, 10469

Building Size

7,500 SF

Asset Type

Retail

Closing

Sep 15, 2021

AI

The property involved in this transaction is located at 1780 E Gun Hill Rd, Bronx, NY, 10469. It is a leased space measuring 7,500 square feet within the Bronx market. The landlord of the property is Urban Edge Properties, which is representing the asset in this transaction.

Summary of transation details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 1780 E Gun Hill Rd, Bronx, NY, 10469
  • Market: Bronx
  • Landlord: Urban Edge Properties
  • Landlord's Rep: Josh Birns (Urban Edge Properties)
  • Tenant: La Casa Del Mofongo
  • Square Feet: 7500

The transaction features La Casa Del Mofongo as the tenant, indicating a leasing agreement with Urban Edge Properties. Josh Birns from Urban Edge Properties acted as the landlord's representative throughout this deal.

Players

Steve Lorenzo

Lee & Associates

Broker

$112.8M

vol

23 deals

Broker
Urban Edge Properties
Urban Edge PropertiesLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93