facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

30 East 170th Street, Bronx...

FootLocker Leases Retail Space In Bronx From A&H Acquisitions Corp
LEASEDRetail

FootLocker Leases Retail Space In Bronx From A&H Acquisitions Corp

30 East 170th Street, Bronx, NY, USA

Building Size

8,000 SF

Asset Type

Retail

Closing

Mar 11, 2021

AI

An 8,000 square foot retail property located at 30 East 170th Street in the Bronx has been leased. The property was leased by FootLocker, a well-known footwear retailer. The landlord of the property is A&H Acquisitions Corp., represented by Alex Adjmi. The leasing deal was facilitated by Evan Schuckman of RIPCO Real Estate.

Summary of transaction details

  • Property Type: Retail
  • Transaction Date: 03/12/2021
  • Address: 30 East 170th Street, Bronx
  • Market: Bronx
  • Tenant: FootLocker
  • Landlord: A&H Acquisitions Corp. - Alex Adjmi
  • Broker: Evan Schuckman - RIPCO Real Estate
  • Asking Rent: $150/ft.
  • Square Footage: 8,000

Evan Schuckman, who also represented the seller Ponce Bank, brokered the sale of this property to Alex Adjmi for $4,743,000 on 7/27/2020. For further inquiries regarding additional opportunities for FootLocker, you can contact Evan Schuckman at [email protected].

Players

Evan Schuckman

Ripco

Broker

$8.1M

vol

9 deals

Broker
Alex Adjmi

Alex Adjmi

Ponce Bank

Landlord

$100.6M

vol

19 deals

Landlord

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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