Exclusive Convenience & Smoke Shop Leases Retail Space At 242 E. 167th St. In Bronx
242 E 167th St, Bronx, NY, USA
Building Size
372 SF
Asset Type
Retail
Closing
Mar 14, 2021
AI
An Exclusive Convenience & Smoke Shop located at 242 E. 167th St. in Bronx has recently been leased. The transaction took place on 03/15/2021. The retail property, spanning 372 square feet in size, was leased by the tenant, Exclusive Convenience & Smoke Shop, from the landlord, Sid Jon Properties, for an undisclosed rent amount.
Summary of transaction details:
- Property Type: Retail
- Transaction Date: 03/15/2021
- Address: 242 E. 167th St.
- Market: Bronx
- Tenant: Exclusive Convenience & Smoke Shop
- Landlord: Sid Jon Properties
- Brokers: Epifanio Vargas & Michael Gilbert - Gilco Realty LLC
- Asking Rent: $113/ft.
- Square Footage: 372
Epifanio Vargas and Michael Gilbert from Gilco Realty LLC represented the tenant, Exclusive Convenience & Smoke Shop, in this lease deal with Sid Jon Properties.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93