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207 East Fordham Road

Feel Beauty Leases Retail Space At 207 East Fordham Road Bronx For 10 Years With Landlord Joseph Althkefati
LEASEDRetail

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

Albert Manopla

Kassin Sabbagh Realty

Broker

$4.3M

vol

83 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

126904.00%

Cash-on-Cash

-36269.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93