PJ Sarraf Leases Retail Space To Little Caesar's At 2535 Third Avenue In Mott Haven
2535 Third Avenue
$75
$75/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Oct 15, 2024
About this deal
AI
The property involved in this transaction is a retail space located at 2535 Third Avenue in the Mott Haven market. The asking rent for this 1,500 square foot asset is $75 per foot.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $75/ft
- Address: 2535 Third Avenue
- Market: Mott Haven
- Landlord: PJ Sarraf
- Tenant: Little Caesar's
- Lease Type: Retail Lease
- Brokers: Solomon Sharaby, Jack Hamadani & Fred Jemal - KSR
The deal involves landlord PJ Sarraf leasing the retail space to tenant Little Caesar's, facilitated by brokers Solomon Sharaby, Jack Hamadani and Fred Jemal from KSR, who represent the landlord in the transaction.
Players
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
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93