Feel Beauty Leases Retail Space At 207 East Fordham Road Bronx For 10 Years With Landlord Joseph Althkefati
207 East Fordham Road
$125
$125/SF
Building Size
3,136 SF
Asset Type
Retail
Closing
Apr 1, 2025
AI
The property asset involved in this transaction is a retail space located at 207 East Fordham Road in the Bronx. The tenant, Feel Beauty, has signed a modified gross lease with a term of 10 years at an asking rent of $125 per square foot for a total space of 3,136 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $125/ft
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
- Landlord: Joseph Althkefati
- Tenant: Feel Beauty
- Landlord's Representative: Josh Augenbaum - Augenbaum Realty
- Tenant's Representatives: Jack Khaski & Albert Manopla - KSR
- Attorneys: Clifford Schwartz - Schwartz & Blumenstein; Steven J. Kapetanos - Steven J. Kapetanos & Associates, PLLC
In this transaction, Josh Augenbaum represents the landlord, Joseph Althkefati, while Jack Khaski and Albert Manopla represent the tenant, Feel Beauty. The legal counsel for the landlord is provided by Clifford Schwartz, and Steven J. Kapetanos represents the tenant. The deal highlights the active involvement of Augenbaum Realty across the five boroughs.
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
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93