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3240 Third Avenue

Nabil Chowd Leases Retail Space To Ruchad Wings At 3240 Third Avenue In Bronx
LEASEDRetail

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

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

Noam Aziz

Meridian Capital Group

Broker

$900K

vol

231 deals

Broker

Nabil Chowdhury

Landlord

10 deals

Landlord

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