Cheskel Schwimmer Leases Retail Space To Loyal Source Medical In Bronx For $44/ft
228 East 135th Street
$44
$44/SF
Building Size
2,600 SF
Asset Type
Retail
Closing
Sep 5, 2025
About this deal
AI
The retail asset involved in this transaction is located at 228 East 135th Street in the Bronx. The total square footage of the property is 2,600 square feet, with an asking rent of $44 per foot. The lease type is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $44/ft
- Square Footage: 2,600
- Address: 228 East 135th Street
- Market: Bronx
- Landlord: Cheskel Schwimmer
- Tenant: Loyal Source Medical
- Landlord's Representative: Nathan Shabot & Noam Aziz - Meridian Capital Group
Cheskel Schwimmer is the landlord of the property, while Loyal Source Medical is the tenant that has entered into the lease agreement. The transaction is represented by Nathan Shabot and Noam Aziz from Meridian Capital Group, focusing on facilitating the terms of the lease between the landlord and tenant.
On the Map
$44
$44/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
360522.73%
Cash-on-Cash
-103038.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93