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237 Willis Avenue

Mi Guate & La Jefe Leases Retail Space At 237 Willis Ave. In South Bronx With Titan Group New York As Brokers
LEASEDRetail

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

Adam Lavian

Titan Group New York

Broker

58 deals

Broker

Bradley Zar

Moonlight Properties

Landlord

$3.8M

vol

3 deals

Landlord

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