GuacTime Leases Retail Space From Joseph Althkefati On East Fordham Road Bronx For 10 Years
207 East Fordham Road
$140
$140/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
Apr 8, 2025
AI
This retail asset is located at 207 East Fordham Road in the Bronx. The lease was signed at an asking rent of $140 per square foot for a total of 2,275 square feet. The lease term is set for 10 years under a Modified Gross Lease agreement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $140/ft
- Address: 207 East Fordham Road
- Market: Bronx
- Landlord: Joseph Althkefati
- Tenant: GuacTime
- Broker: Josh Augenbaum - Augenbaum Realty
- Attorney: Clifford Schwartz - Schwartz & Blumenstein
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
The transaction features representation by Josh Augenbaum of Augenbaum Realty, indicating active engagement in the real estate market across the five boroughs. Additionally, Clifford Schwartz from Schwartz & Blumenstein serves as the attorney for this lease agreement.
Players
Bronx 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
113307.14%
Cash-on-Cash
-32383.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93