Mi Guate & La Jefe Leases Retail Space At 237 Willis Ave. In South Bronx With Titan Group New York As Brokers
237 Willis Avenue
Building Size
2,500 SF
Asset Type
Retail
Closing
Aug 1, 2022
About this deal
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.
On the Map
Retail
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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