Nagi Leases Retail Space In Kingsbridge, Bronx For $75/ft
205 W 230th St, Bronx, NY 10463, USA
$75
$75/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Mar 20, 2023
AI
Located in Kingsbridge, the retail property at 205 West 230th Street has recently been leased. The tenant, Nagi, has secured a 10-year lease agreement with the landlord, Agus Holdings. The lease term is for 10 years, and the property offers 1,000 square feet of space. The asking rent for this retail space was set at $75 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 205 West 230th Street
- Market: Kingsbridge
Representing the parties involved in this transaction is Adam Agus from Booth Street. He played a crucial role in facilitating the lease agreement between Nagi and Agus Holdings. The deal was finalized on March 20, 2023.
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
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93