Lifetime Pharmacy Signs Ground Lease For Retail Space At 26 West Burnside Avenue In Morris Heights
26 West Burnside Avenue
$120
$120/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Oct 1, 2023
About this deal
AI
Situated in Morris Heights, the property at 26 West Burnside Avenue has recently been leased for retail purposes. The asset encompasses approximately 1,500 square feet, with an asking rent of $120 per square foot. The lease type for this transaction is a ground lease.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 26 West Burnside Avenue
- Market: Morris Heights
The tenant securing this lease is Lifetime Pharmacy. On the other hand, the landlord of the property is Alan Jemal, who represents Jem Realty. The brokers involved in this transaction are Solomon Sharaby and Jack Hamadani from KSR.
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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93