Buyk Leases Retail Space In Bronx At 304-312 E. 204th St. With Landlord's Rep Bruce Herman - Booth Capital Advisors
304 East 204th Street, Bronx, NY 10467
Building Size
1,200 SF
Asset Type
Retail
Closing
Nov 2, 2021
AI
The retail property located at 304-312 E. 204th St. in Bronx has recently been leased. The transaction took place on 11/02/2021. The property spans approximately 3,750 square feet and is owned by Raj Pipalia.
Summary of transaction details:
- Property Type: Retail
- Address: 304-312 E. 204th St., Bronx
- Market: Bronx
- Landlord: Raj Pipalia
- Tenant: Buyk
- Landlord's Representative: Bruce Herman - Booth Capital Advisors
- Asking Rent: $70/ft.
The lease deal was facilitated by Bruce Herman from Booth Capital Advisors, representing Raj Pipalia as the landlord. Buyk will be the tenant occupying the retail space.
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