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207 East Fordham Road

GuacTime Leases Retail Space From Joseph Althkefati On East Fordham Road Bronx For 10 Years
LEASEDRetail

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

Josh Augenbaum

Augenbaum Realty

Broker

$652.8M

vol

140 deals

Broker

Joseph Althkefati

Landlord

$37.1M

vol

10 deals

Landlord

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