Pizza Hut Leases Retail Space At 304-312 E. 204th St. In Bronx, NY
304 East 204th Street, Bronx, NY 10467
$60
$60/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Jul 20, 2021
AI
A retail property located at 304-312 E. 204th St. in the Bronx has recently been leased. The lease transaction took place on July 20, 2021, and the property is owned by Raj Pipalia. Pizza Hut has become the new tenant of this retail space.
Summary of transaction details:
- Property Type: Retail
- Transaction Date: 07/20/2021
- Address: 304-312 E. 204th St.
- Market: Bronx
Bruce Herman from Booth Capital Advisors represented Raj Pipalia, the landlord, in this lease deal. The asking rent for the 1,200 square foot space was $60 per square foot.
Players
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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93