Pizza Hut Leases Retail Space At 2070 Jerome Avenue In Fordham Heights
2070 Jerome Avenue, Bronx, NY, USA
Building Size
1,284 SF
Asset Type
Retail
Closing
Aug 28, 2021
About this deal
AI
Located at 2070 Jerome Avenue in the Fordham Heights market, this retail property recently underwent a lease transaction. The leasing deal was finalized on 08/29/2021.
Summary of transaction details:
- Property Type: Retail
- Address: 2070 Jerome Avenue
- Market: Fordham Heights
The tenant for this lease is Pizza Hut. The landlord, Muhammad Adnan, facilitated the transaction. The lease was brokered by Michelle Abramov and Joe Mastov of Asset Commercial Realty Group (AssetCRG).
The lease for this retail property was secured at an asking rent of $70 per square foot. The total square footage of the space is 1,284.
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93