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
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