Jonathan Pokoik Leases Retail Space At 224 Naples Terrace To Beautiful Nail Salon For $120/ft
224 Naples Terrace
$120
$120/SF
Building Size
550 SF
Asset Type
Retail
Closing
Sep 3, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 224 Naples Terrace in the Bronx. The asking rent is set at $120 per square foot for a total area of 550 square feet. The lease term spans 10 years under a Modified Gross Lease agreement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $120/ft
- Lease Term: 10 years
- Lease Type: Modified Gross Lease
- Landlord: Jonathan Pokoik
- Tenant: Beautiful Nail Salon on Broadway
- Broker Representatives: Ben Biberaj, Russell Kolen - IPRG Retail Leasing & Brandon Efap - Investment Property Realty Group
The deal highlights key involvement from the landlord, Jonathan Pokoik, and the tenant, Beautiful Nail Salon on Broadway, who is set to occupy the retail space. Ben Biberaj and Russell Kolen, representing IPRG Retail Leasing, along with Brandon Efap from Investment Property Realty Group, facilitated the transaction, showcasing a collaborative effort in securing this lease.
On the Map
$120
$120/SF
Retail
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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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93