The Sarraf Group Leases Retail Space To Popeyes & Liberty Tax In Bronx
260 East 138th Street, Bronx, NY, USA
Building Size
3,200 SF
Asset Type
Retail
Closing
Dec 31, 2020
About this deal
AI
The leased property located at 260 East 138th Street in Bronx has been involved in a recent transaction. The retail space, covering an area of 3,200 square feet, was leased on January 1, 2021. The tenants, Popeyes and Liberty Tax, have entered into an agreement with the landlord, The Sarraf Group. The leasing transaction was facilitated by brokers Solomon Sharaby and Samuel Chera from Kassin Sabbagh Realty. The agreed rent for the space is $75 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Date: January 1, 2021
- Address: 260 East 138th Street, Bronx
- Tenant: Popeyes & Liberty Tax
- Landlord: The Sarraf Group
- Brokers: Solomon Sharaby & Samuel Chera (Kassin Sabbagh Realty)
- Rent: $75 per square foot
- Square Footage: 3,200
Solomon Sharaby and Samuel Chera from Kassin Sabbagh Realty played a crucial role as brokers in facilitating the leasing deal for the retail space located at 260 East 138th Street in Bronx. Their expertise and negotiation skills helped bring together Popeyes and Liberty Tax as tenants, who have now entered into an agreement with the landlord, The Sarraf Group. The agreed rent for the 3,200 square feet of retail space amounts to $75 per square foot.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse New York retail leases on Traded.
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