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205 W 230th St, Bronx, NY 1...

Nagi Leases Retail Space In Kingsbridge, Bronx For $75/ft
LEASEDRetail

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

Adam Agus

Booth Street

Broker

$11.1M

vol

11 deals

Broker
Agus Holdings
Agus HoldingsLandlord

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