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203 East Fordham Road, The ...

Olgam Life Leases Retail Space In Fordham Market At 203 E. Fordham Rd. With Josh Augenbaum & Augenbaum Realty Corp
LEASEDRetail

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

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.

Players

Josh Augenbaum

Augenbaum Realty

Broker

$652.8M

vol

140 deals

Broker
Republic Bank
Republic BankLender
Ralph Chera

Ralph Chera

Landlord

4 deals

Landlord

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