Olgam Life Leases Retail Space In Fordham Market At 203 E. Fordham Rd. With Josh Augenbaum & Augenbaum Realty Corp
203 East Fordham Road, The Bronx, New York 10458, United States
Building Size
22,842 SF
Asset Type
Retail
Closing
Mar 24, 2022
About this deal
AI
Jos Augenbaum from Augenbaum Realty Corp represented the tenant, Olgam Life, in the leasing transaction at 203 E. Fordham Rd. in the Fordham market. The landlord, Fordham Chera Acquisitions, was represented by Ralph Chera. The retail space, measuring 10,500 square feet, was leased at an asking rent of $50 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Lease
- Date: 03/25/2022
- Address: 203 E. Fordham Rd.
- Market: Fordham
- Tenant: Olgam Life
- Landlord: Fordham Chera Acquisitions
- Broker: Josh Augenbaum - Augenbaum Realty Corp.
- Asking Rent: $50 per square foot
Josh Augenbaum from Augenbaum Realty Corp represented Olgam Life, the tenant, in the lease transaction for the retail space at 203 E. Fordham Rd. in the Fordham market. The landlord, Fordham Chera Acquisitions, was represented by Ralph Chera.
On the Map
Retail
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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