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228 East 135th Street

Cheskel Schwimmer Leases Retail Space To Loyal Source Medical In Bronx For $44/ft
LEASEDRetail

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

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.

Players

Noam Aziz

Meridian Capital Group

Broker

$900K

vol

231 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

Cheskel Schwimmer

Landlord

$605.9M

vol

9 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

360522.73%

Cash-on-Cash

-103038.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93