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
About this deal
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.
On the Map
Retail
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Players
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