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260 East 138th Street, West...

Cap't Loui Signs Lease For Retail Space In Mott Haven
LEASEDRetail

Cap't Loui Signs Lease For Retail Space In Mott Haven

260 East 138th Street, West Bronx, Bronx, NY, USA

Building Size

2,750 SF

Asset Type

Retail

Closing

May 31, 2021

AI

A retail property located at 260 E. 138th Street in Mott Haven was recently leased. The property spans 2,750 square feet and was leased by Cap't Loui. The lease was facilitated by brokers Brandon Efap, Solomon Sharaby, and Samuel Chera from Kassin Sabbagh Realty. The asking rent for the space was $70 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 260 E. 138th Street
  • Market: Mott Haven

Cap't Loui entered into a lease agreement for the retail space located at 260 E. 138th Street in the Mott Haven market. The lease was facilitated by brokers Brandon Efap, Solomon Sharaby, and Samuel Chera, who represent Cap't Loui in the transaction. The landlord of the property is PJ Sarraf and Fred Ostad.

Players

Samuel Chera

Kassin Sabbagh Realty

Broker

29 deals

Broker

PJ Sarraf

Landlord

2 deals

Landlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93