La Casa Del Mofongo Leases Retail Space At 1780 Gunhill Road In Bronx With Urban Edge As Landlord
1780 East Gun Hill Road, Bronx, NY, USA
Building Size
7,500 SF
Asset Type
Retail
Closing
Sep 1, 2021
AI
La Casa Del Mofongo, a retail establishment, has leased a space at 1780 Gunhill Road in the Bronx. The leased property, with a square footage of 7,500, is owned by Urban Edge. The lease was facilitated by broker Steve Lorenzo. The asking rent for the space was $70 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1780 Gunhill Road, Bronx
- Market: Bronx
- Landlord: Urban Edge
- Tenant: La Casa Del Mofongo
- Broker: Steve Lorenzo
- Asking Rent: $70 per square foot
- Square Footage: 7,500
Felix Cabrera and Josh Birns also assisted in the leasing transaction for La Casa Del Mofongo.
Players
New York 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