Mi Guate & La Jefe Leases Retail Space At 237 Willis Ave. In South Bronx With Titan Group New York As Brokers
237 Willis Avenue
$60
$60/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
Aug 1, 2022
AI
The property involved in this transaction is a retail space located at 237 Willis Ave. in the South Bronx market. The asset has a total square footage of 2,500 and has an asking rent of $60 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Bradley Zar
- Tenant: Mi Guate + La Jefe
- Brokers: Adam Lavian, Tyler Zar, and Tanner Zar - Titan Group New York
- Asking Rent: $60/ft
- Square Feet: 2,500
Titan Group NY managed this deal by representing both the landlord and tenant, facilitating the execution of two separate retail spaces and a residential component in this transaction. This approach underscores Titan Group's commitment to fostering successful ventures and long-lasting relationships, utilizing advanced real estate software to enhance performance.
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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93