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250 Willis Avenue

Esteban Neives Leases Retail Space At 250 Willis Avenue To Furniture Depot For $35/ft
LEASEDRetail

Esteban Neives Leases Retail Space At 250 Willis Avenue To Furniture Depot For $35/ft

250 Willis Avenue

$35

$35/SF

Building Size

24,000 SF

Asset Type

Retail

Closing

Jul 24, 2025

AI

The property involved in this transaction is a retail asset located at 250 Willis Avenue in the Mott Haven market. The total square footage of the space is 24,000, and the asking rent is set at $35 per square foot.

Summary of transaction details:

The transaction features notable involvement from Esteban Neives representing the landlord, and Furniture Depot as the tenant. The brokers facilitating this lease are Miles Sabbagh, Marc Sitt, and Nathan Aballi from KSR, contributing their expertise to the retail real estate market.

Players

Marc Sitt

Kassin Sabbagh Realty

Broker

$272.9M

vol

64 deals

Broker
Kassin Sabbagh Realty
Kassin Sabbagh RealtyBrokerage

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

453228.57%

Cash-on-Cash

-129534.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93