Michael & Noam's Deli Leases Retail Space At 2077 Ryer Avenue Bronx For $45/ft
2077 Ryer Avenue
$45
$45/SF
Building Size
3,500 SF
Asset Type
Retail
Closing
Mar 31, 2026
AI
The retail asset located at 2077 Ryer Avenue in the Bronx encompasses a total area of 3,500 square feet, with an asking rent of $45 per square foot. The lease type is a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $157,500
- Landlord: Chaim Wiesenfeld - City Wide Builders
- Tenant: Michael & Noam's Deli
- Brokers: Noam Aziz, Michael Escava & Daniel Zacaim - Meridian Capital Group
The transaction involved significant figures in the commercial real estate market. Chaim Wiesenfeld represents City Wide Builders as the landlord, while the tenant, Michael & Noam's Deli, is represented by brokers Noam Aziz, Michael Escava, and Daniel Zacaim from Meridian Capital Group.
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
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93