Nabil Chowd Leases Retail Space To Ruchad Wings At 3240 Third Avenue In Bronx
3240 Third Avenue
$90
$90/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Sep 25, 2025
About this deal
AI
The retail asset located at 3240 Third Avenue in the Bronx has a total square footage of 1,200 and is under a retail lease agreement. The asking rent for this property is set at $90 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $90/ft
- Address: 3240 Third Avenue
- Market: Bronx
- Asset Type: Retail
- Landlord: Nabil Chowd
- Tenant: Ruchad Wings
- Landlord's Representative: Noam Aziz, Nathan Shabot & Joaquin Carrillo - Meridian Capital Group
- Tenant's Representative: Avi Saadia - Tri State Commercial Realty
- Lease Type: Retail Lease
In this transaction, Nabil Chowd acts as the landlord while Ruchad Wings occupies the space as the tenant. The representatives involved in negotiating the deal include Noam Aziz, Nathan Shabot, and Joaquin Carrillo representing the landlord, while the tenant is represented by Avi Saadia.
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
176255.56%
Cash-on-Cash
-50374.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93