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260 East 138th Street, Bron...

Updated Oct 29, 2024

The Sarraf Group Leases Retail Space To Popeyes & Liberty Tax In Bronx
LEASEDRetail

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:

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

Samuel Chera

Kassin Sabbagh Realty

Broker

29 deals

Broker
P
PopeyesTenant

New York 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

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